ICMA's FinTech Directories – a unique resource for the market
The ICMA FinTech Directories are unique resources available to members and regulators. Please contact our membership department if you do not know your firm’s login credentials.
They are also available to non-members on an annual subscription basis. Please refer to ICMA’s product information page for further information.
The Directories allow advanced searching, filtering and side-by-side comparison of FinTech platforms and solutions.
ICMA Primary Markets FinTech Directory
ICMA’s Primary Markets FinTech Directory compares the key features and capabilities of technology solutions available to automate all or part of the process of issuing debt securities. Building on ICMA’s work in primary bond markets, the directory’s purpose is to keep ICMA members informed about what platforms and technology solutions are available in a rapidly expanding competitive marketplace.
Comparables include: solution stage; eligible participants; debt securities; issuance method; market coverage; electronic bookbuilding transparency; allocation; supported electronic communication protocols & standards; and other services.
ICMA Electronic Trading FinTech Directory
In light of the shift towards electronification, ICMA initially conducted a mapping exercise of electronic trading platforms (ETPs) and information networks in 2015. As this landscape continues to evolve, ICMA has undertaken to update this directory on a regular basis, expanding its scope both in terms of regions and solutions, for example including Organised Trading Facilities (OTFs) and Order and Execution Management Systems (OMS & EMS).
Comparables include: eligible participants; trading method; protocol type; counterparty visibility; securities; trade types; pre-trade practices; Decision Support Tools; delivery method; and supported electronic communication protocols & standards.
ICMA Repo Trading FinTech Directory
ICMA’s Repo Trading FinTech Directory is intended to help market participants understand execution venues available for repo trading. The directory provides an overview of key platform characteristics such as differences in trading protocols, clearing and collateral configurations. The directory also provides information on the venues’ regulatory status, market identifier codes (MIC) and additional services on offer such as regulatory reporting under SFTR.
Comparables include: platform type; market type; eligible participants; trading method; counterparty transparency; Decision Support Tools; supported transaction types; supported collateral; support for tri-party; direct CCP connectivity; supported electronic communication protocols & standards; and other services.
ICMA Operations FinTech Directory
ICMA’s ERCC Ops FinTech Working Group (WG) initially published a directory of over 80 technology solutions available for repo and cash bond operations in November 2017 and is regularly updated. The directory compares the capabilities of different providers and seeks to create greater transparency in a highly dynamic and fluid market. The directory is divided into 10 categories, including collateral management, exposure agreements and reconciliations.
Comparables include: lifecycle; product scope; type of solution; counterparty; pricing; and supported electronic communication protocols & standards.
