London / New York, 6 November 2023 – FIA Tech, a leading futures industry technology provider, today announced that it has joined trade association ISITC.
ISITC brings together asset servicers, broker dealers, asset managers and solution providers to develop and promote standards and best practices that increase operational efficiencies across the securities industry, enabling member companies to provide essential and enhanced products and services.
“We are pleased to welcome FIA Tech to our growing ISITC membership,” said Kristin Hochstein, ISITC chair.
“Our members are working together to address crucial issues and develop best practices to increase operational efficiencies in the financial services industry. We’re looking forward to the contributions FIA Tech will offer in this effort.”
“We have long admired ISITC’s work in financial markets and are pleased to be joining this important initiative,” said Mark Davis, Head of Strategy, FIA Tech. “As a firm our mission is to improve efficiency in the financial markets. Our interests and those of ISITC are closely aligned.”
About ISITC
ISITC brings together asset servicers, broker dealers, asset managers and solution providers to develop and promote standards and best practices that increase operational efficiencies across the securities industry, enabling member companies to provide essential and enhanced products and services. Founded in 1991, ISITC’s membership totals more than 2,000 financial services professionals representing more than 60 firms and trillions of dollars in AUM/AUA. Through its member committees and working groups, ISITC connects global financial services experts to reduce capital market risk and increase operational efficiencies driving the industry forward. For more information on membership with ISITC, visit us at www.isitc.org or get in touch at usainfo@isitc.org.
About FIA Tech
FIA Tech is the leading technology provider to the exchange traded derivatives industry. Owned by a consortium of eleven leading clearing firms and the Futures Industry Association (FIA), FIA Tech is committed to serving the industry and launching innovative solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech works in close partnership with the broader industry, including exchanges, clearinghouses, clearing firms and other intermediaries, as well as independent software vendors, buyside firms and end users to bring efficiency to the exchange traded and cleared derivatives industry.
Source: FIA Tech
