FIA Tech joins trade association ISITC 06 November 2023US Reporter: Jenna Lomax
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Futures industry technology provider FIA Tech has joined trade association ISITC.
Established in 1991, ISITC brings together asset servicers, broker dealers, asset managers and solution providers to develop and promote standards and best practices which aim to increase operational efficiencies across the securities industry.
Through its member committees and working groups, ISITC connects global financial services experts to reduce capital market risk and increase operational efficiencies.
Owned by a consortium of 11 clearing firms, FIA Tech creates solutions to improve market infrastructure across the listed and cleared derivatives industry.
Commenting on the news, Mark Davis, head of strategy at FIA Tech, says: “We have long admired ISITC’s work in financial markets and are pleased to be joining this important initiative. As a firm our mission is to improve efficiency in the financial markets. Our interests and those of ISITC are closely aligned.”
Kristin Hochstein, chair of ISITC, comments: “We are pleased to welcome FIA Tech to our growing ISITC membership. 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.”
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