Adaptive, a developer of custom trading technology solutions for financial services firms, has secured a strategic investment from global banking institutions Citi and HSBC to accelerate innovation in capital markets infrastructure.
The London-based company said the funding will support the expansion of its product development roadmap and scale its next-generation cloud-enabled front-office solutions built around its Aeron® technology platform. Financial terms of the investment were not disclosed.
Adaptive’s Aeron technology is an open-source framework widely used to build high-performance electronic trading systems that require high throughput, low latency and resilience. The company said demand for modular, cloud-native and open-source trading infrastructure is increasing as capital markets technology evolves and liquidity infrastructure migrates toward cloud environments.
The investment will allow Adaptive to accelerate development and delivery capabilities while expanding its portfolio of bespoke trading platforms used by financial institutions seeking to own and differentiate their technology stacks.
Founded 13 years ago, Adaptive has historically been self-funded. The company said the partnership with Citi and HSBC reflects growing collaboration between financial institutions and specialized technology firms to modernize market infrastructure and enable more scalable, resilient and customizable trading systems.
Adaptive operates globally with offices in London, New York, Barcelona, Montréal and Manila, providing technology platforms and consultancy services to financial services firms across asset classes.
KEY QUOTES:
“For 13 years, we’ve prided ourselves on providing best-in-class front-office technology alongside expert consultancy, supporting financial services firms in differentiating their business via their tech stack. While our expansion has been self-funded until now, the trajectory of capital markets technology is rapidly shifting, fueled by AI and cloud migration. This funding enables us to accelerate our product development and cement our leadership in the next wave of disruptive technology across the financial ecosystem. For this milestone, we chose to partner with HSBC and Citi who understand the true value of differentiation via technology. We are very excited for what’s next to come.”
Matt Barrett, CEO and Co-founder, Adaptive
“With the rapid pace of technology change in the financial markets, technological agility, resiliency, scalability and performance will continue to be a defining factor of success. Our partnership with Adaptive reflects our commitment to shaping the next generation of high-performance market infrastructure.”
Ed Duggan, Managing Director, Markets & Securities Services, HSBC
“Adaptive’s technology and expertise will position the business well to benefit from structural changes in capital markets. We are pleased to back them and look forward to working together on the next stage of the Company’s development.”
Moran Levinovitz, Group Head of Ventures, HSBC
“In the rapidly evolving landscape of capital markets, the shift towards modular and cloud-native architectures demands robust and scalable high-performance trading infrastructure. Our investment in Adaptive reflects their strategic direction and the importance of innovative technologies such as Aeron, in fostering a more resilient and efficient financial ecosystem. We look forward to collaborating with the Adaptive team as they continue to drive innovation across the sector.”
Nikhil Joshi, Global Head of Markets Technology, Citi
“We are pleased to support Adaptive’s growth through this strategic investment. Adaptive has a proven track record of delivering sophisticated technology solutions that address the complex needs of global financial institutions. We are investing in the next generation of capital markets infrastructure to provide long-term competitive advantages.”
Siris Singh, Global Head of Markets Strategic Investments, Citi
