Deutsche Börse Group

Illuminate Financial Management LLP is a venture capital firm established in 2014 and headquartered in London, United Kingdom, with an additional office in New York. The firm specializes in investments within the financial technology sector, focusing on companies that address challenges in financial services, particularly in compliance, regulation, and connectivity. Illuminate Financial targets early-stage investments, including Series A and seed financing, typically committing between $0.25 million and $3 million for a stake of 5% to 20% in its portfolio companies. While the firm invests globally, it places a significant emphasis on opportunities within the United Kingdom, Europe, and the United States. With deep domain expertise and a robust industry network, Illuminate Financial serves as a trusted partner, guiding its portfolio companies through the complexities of their early development phases.

AirCarbon Exchange, based in Singapore, operates a blockchain-based platform designed for trading carbon commodities, including carbon credits generated by various mitigation projects. The exchange facilitates both spot and futures markets, catering to industry stakeholders managing their carbon liabilities. Supported by the Sustainable Energy Association of Singapore and the Digital Exchange Association, AirCarbon tokenizes carbon offsets into three distinct asset classes: the AirCarbon CORSIA Token for offsets compliant with ICAO guidelines, the AirCarbon Forestry Token for offsets from forest management projects, and the AirCarbon Premium Token for high-quality offsets that align with the United Nations Millennium Development Goals. Additionally, AirCarbon manages an investment fund that provides development capital to carbon sequestration initiatives, generating liquidity in the carbon market and enhancing trading volume. The platform aims to streamline trading processes and support the transition to a carbon-constrained economy while contributing to verified projects that reduce atmospheric carbon.

Proxymity Limited is a digital platform focused on enhancing proxy voting and investor communications. Founded in 2017 and based in London, the company provides a solution that connects issuers, intermediaries, and investors in real time, improving the efficiency and transparency of the voting process for ordinary shares. Proxymity's platform automates shareholder disclosure requests and responses in compliance with regulatory requirements, facilitating a seamless exchange of meeting data and votes without the need for manual data entry or paper-based transfers. This innovative approach streamlines the flow of information and enhances the overall experience for all parties involved in the proxy voting process.

Clarity AI, Inc. offers a technology platform designed to measure and optimize the social impact of investment portfolios. Founded in 2017 and headquartered in Albany, New York, with additional offices in Madrid and London, the company utilizes big data and machine learning to analyze the societal effects of investments and organizations. Its SaaS-based solution provides extensive coverage of social and environmental impact data, enabling asset managers to make informed decisions and allocate capital more efficiently. Clarity AI's platform aggregates multiple data sources to enhance the reliability of insights, supporting end-to-end sustainability analysis for various stakeholders, including investors and corporate entities. By equipping decision-makers with the necessary tools to understand and optimize their social and environmental impacts, Clarity AI aims to promote socially efficient capital allocation across the market.

Crypto Finance AG, founded in 2017 and headquartered in Zug, Switzerland, operates in the digital asset space through its subsidiaries. The company provides asset management, brokerage, and storage services tailored for institutional and professional investors. Its asset management division offers regulated investment vehicles and fund management for crypto assets, while the brokerage division facilitates transactions via advanced order management systems and access to various trading venues. Additionally, the storage division ensures secure physical and digital storage solutions for cryptocurrency keys. With a strong emphasis on quality and security, Crypto Finance AG aims to bridge the gap between traditional finance and the emerging digital asset market, supporting the growth of blockchain technology.

Forge Global Inc. is a prominent private securities marketplace founded in 2014, designed to address the needs of the private market ecosystem. The firm enables investors and shareholders to access liquidity in private markets, facilitating connections through its advanced technology and expertise. By providing a platform for private equity, Forge allows both private and institutional investors to engage with leading pre-IPO companies. The company is supported by notable Silicon Valley investors and major global institutions, including Deutsche Börse and Temasek, which underscores its strong position in the market.

360X is developing a transaction marketplace designed for trading art and real estate investments. The company aims to facilitate investment in these asset classes by creating a platform that allows investors to engage with illiquid assets. By initially focusing on art and real estate, 360X plans to support debut transactions in each sector, thereby providing new investment opportunities and fostering an ecosystem for these types of assets.

HQLAᵡ is a financial technology innovation firm that leverages R3’s distributed ledger technology, Corda, to provide liquidity management and collateral management solutions for institutional clients in the global securities financing markets. HQLAᵡ and Deutsche Börse Group formed a strategic partnership for the creation of a joint operating model that provides market participants with improved collateral mobility across a fragmented securities settlement eco-system.

Institutional Shareholder Services is a provider of corporate governance solutions aimed at asset owners, hedge funds, asset service providers, and public issuers. The company offers a range of services that include objective governance research and recommendations, analytics, and advisory support. Additionally, ISS provides end-to-end proxy voting and distribution systems, as well as turnkey management for securities class-action claims. Clients rely on ISS for reliable global governance data and modeling tools, which help them assess governance risks and manage their proxy voting needs effectively on a global scale. Through these services, Institutional Shareholder Services enables its clients to make informed decisions regarding corporate governance and responsible investment.

Clarity AI, Inc. offers a technology platform designed to measure and optimize the social impact of investment portfolios. Founded in 2017 and headquartered in Albany, New York, with additional offices in Madrid and London, the company utilizes big data and machine learning to analyze the societal effects of investments and organizations. Its SaaS-based solution provides extensive coverage of social and environmental impact data, enabling asset managers to make informed decisions and allocate capital more efficiently. Clarity AI's platform aggregates multiple data sources to enhance the reliability of insights, supporting end-to-end sustainability analysis for various stakeholders, including investors and corporate entities. By equipping decision-makers with the necessary tools to understand and optimize their social and environmental impacts, Clarity AI aims to promote socially efficient capital allocation across the market.

CloudMargin Ltd. offers a cloud-based collateral and margin management platform designed for financial institutions of various sizes, including brokerage firms, banks, asset managers, pension funds, and insurance companies. Established in 2014 and headquartered in London, the company utilizes a Software-as-a-Service (SaaS) model to assist clients in meeting regulatory deadlines while minimizing collateral management costs. The founding team, with extensive experience in collateral management, OTC derivatives, and capital markets, sought to improve existing solutions that were often perceived as overpriced and inefficient. CloudMargin aims to provide effective collateral management solutions accessible to all market participants, regardless of their size or status, earning the trust of clients through its industry expertise and commitment to innovation.

Quantitative Brokers, LLC is an algorithmic agency brokerage specializing in fixed-income products and futures. Founded in 2008 and headquartered in New York, the company also has offices in London and Chennai. As a subsidiary of Deutsche Börse AG since December 2020, Quantitative Brokers offers advanced algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets. The firm focuses on developing a comprehensive suite of products aimed at reducing implicit trading costs, thereby enhancing clients' trading efficiency. By providing automated execution and a streamlined execution flow, Quantitative Brokers helps clients lower their total trading costs and improve their overall productivity.

Clearstream is a prominent international central securities depository (ICSD) headquartered in Luxembourg, specializing in post-trade infrastructure and securities services. Established in 1970, the firm supports the international market and 56 domestic markets, serving approximately 2,500 customers across 110 countries. Clearstream facilitates the efficient delivery of cash and securities between trading parties, ensuring timely transactions and enhancing asset safety for its clients. The company is recognized for its high credit ratings and provides a range of services, including solutions for the Eurobond market and investment fund management, contributing to the safekeeping and management of securities for financial institutions globally.

Digital Asset specializes in distributed ledger technology aimed at enhancing the efficiency and security of financial transactions. The company's solutions provide tools for tracking and settling both digital and mainstream financial assets within a secure, encrypted environment. By enabling organizations to operate across traditional boundaries, Digital Asset facilitates the creation of interconnected networks that allow for seamless information and asset flow. This technology is designed to improve compliance and settlement speed in the financial services industry, addressing key challenges faced by organizations in managing financial assets.

Axioma, Inc. develops and markets portfolio optimization solutions tailored for portfolio managers implementing various investment strategies. The company's offerings include the Axioma Portfolio Optimizer, a tool designed for portfolio construction and optimization, Axioma Performance Attribution, which analyzes the effectiveness of portfolio strategies, and Axioma Backtester, which provides post-transaction cost return statistics. Additionally, Axioma Portfolio Analytics delivers comprehensive risk and return analytics, while Axioma Risk offers advanced multi-asset class risk modeling and reporting capabilities. Axioma also provides implementation services, custom training, and applied research. Serving asset managers, hedge funds, insurance companies, pension funds, wealth managers, and investment banks, Axioma's solutions support decision-making across the investment process. With clients managing over $10 trillion in assets, the company operates globally and maintains a strategic agreement with S&P Dow Jones Indices. Founded in 1998 and headquartered in New York, Axioma, Inc. is a subsidiary of Qontigo GmBH.

Trumid Financial LLC is a financial technology company that specializes in electronic trading solutions for the corporate bond market. Founded in 2014 and based in New York City, Trumid operates the Trumid Market Center, an electronic trading network that connects market professionals to a wide array of liquidity sources. This platform enhances trading efficiency through various protocols and an intuitive design that integrates seamlessly into traders' workflows. Trumid also offers Trumid Bond Stream, which provides real-time TRACE pricing data, and Trumid Labs, which utilizes data science to enhance network management and facilitate bond price lookups. Through its innovative technologies and product offerings, Trumid aims to improve transparency, liquidity, and trade execution in the credit trading space.

HQLAᵡ is a financial technology innovation firm that leverages R3’s distributed ledger technology, Corda, to provide liquidity management and collateral management solutions for institutional clients in the global securities financing markets. HQLAᵡ and Deutsche Börse Group formed a strategic partnership for the creation of a joint operating model that provides market participants with improved collateral mobility across a fragmented securities settlement eco-system.

GTX ECN is an institutional platform for trading foreign exchange.

Trifacta enables anyone to efficiently explore and prepare data by utilizing machine learning to provide a breakthrough UX and architecture. It also leverages decades of innovative research in human-computer interaction, scalable data management, and machine learning to make the process of preparing data faster and more intuitive. Around the globe, tens of thousands of users at more than 8,000 companies, including leading brands like Deutsche Boerse, Google, Kaiser Permanente, New York Life, and PepsiCo, are unlocking the potential of their data with Trifacta’s market-leading data wrangling solutions. The company develops data wrangling software for data exploration and self-service data preparation for analysis. They focused on building software that helps organizations and individuals unlock the potential of their data by providing a new approach to how data is explored and prepared for analysis. Trifacta was founded in 2012 and is headquartered in San Francisco, California, USA, with offices in Boston, Berlin, London, and Paris.

RegTek Solutions provides software solutions focused on control and compliance for global trade and transaction reporting. Founded in 2016 and based in New York, the company develops products that integrate seamlessly into existing regulatory reporting infrastructures. Its offerings include Load.Trade, a transaction reporting engine that ensures audited transparency; Reportable.Trade, which handles completeness control and generates reportable events; Validate.Trade, a multi-venue validation engine for trade reporting; BackLoad.Trade, a hosted solution for mandatory backloading of securities; and Reconcile.Trade, which delivers maintained reconciliations for trade reporting. RegTek Solutions operates as a subsidiary of Bloomberg L.P., continuing the legacy of the Report-it suite originally developed by Risk Focus Inc.

Trumid Financial LLC is a financial technology company that specializes in electronic trading solutions for the corporate bond market. Founded in 2014 and based in New York City, Trumid operates the Trumid Market Center, an electronic trading network that connects market professionals to a wide array of liquidity sources. This platform enhances trading efficiency through various protocols and an intuitive design that integrates seamlessly into traders' workflows. Trumid also offers Trumid Bond Stream, which provides real-time TRACE pricing data, and Trumid Labs, which utilizes data science to enhance network management and facilitate bond price lookups. Through its innovative technologies and product offerings, Trumid aims to improve transparency, liquidity, and trade execution in the credit trading space.

Liqid Investments GmbH, founded in 2015 and based in Berlin, operates a digital wealth management platform designed to provide affluent individuals with tailored investment portfolios, strategies, and access to diverse asset classes. The company aims to democratize wealth management by offering services traditionally available to family offices at reduced costs and lower minimum investment thresholds. Liqid's platform is built on collaboration with experienced investment teams, including HQ Trust, a prominent multi-family office in Europe, and supported by early-stage investment fund Project A Ventures. With an emphasis on customer-oriented services, Liqid combines technology and investment expertise to deliver discretionary wealth management and access to private equity, real estate, and venture capital funds.

figo GmbH develops a software as a Service platform that aggregates financial data for financial institutions. It allows users to access the sources of finance, notification services, security, as well as user and customer management services. figo GmbH was founded in 2012 and is based in Hamburg, Germany. As of March 4, 2020, figo GmbH operates as a subsidiary of FinReach GmbH.

Digital Asset specializes in distributed ledger technology aimed at enhancing the efficiency and security of financial transactions. The company's solutions provide tools for tracking and settling both digital and mainstream financial assets within a secure, encrypted environment. By enabling organizations to operate across traditional boundaries, Digital Asset facilitates the creation of interconnected networks that allow for seamless information and asset flow. This technology is designed to improve compliance and settlement speed in the financial services industry, addressing key challenges faced by organizations in managing financial assets.

360T is a globally established provider of web-based trading technology for Over-The-Counter (OTC) instruments, integration solutions, and related services. The company operates an autonomous, proprietary technology that allows for rapid product development cycles, enabling timely responses to client needs and market changes. As a market maker independent entity, 360T maintains a strong commitment to client relationships and actively engages in dialogue with various market participants, technology vendors, and consultants. This approach ensures that 360T can effectively refine its offerings and adapt to evolving trends in the FX trading industry.

Founded in 2007, Zimory provides carrier-grade cloud infrastructure management software that allows service providers, enterprises and cloud brokers to fully leverage the power and elasticity of cloud computing. Zimory’s intelligent Cloud Suite simplifies, automates and expedites the creation, launch and management of all types of cloud environments – whether public, private, virtual private or hybrid. Zimory software is also a key enabler of cloud marketplaces for enterprise services, applications and infrastructure. Headquartered in Berlin, Zimory has development centers in Erfurt, Germany and Minsk, Belarus, a subsidiary office in New York City and is expanding its expertise and presence globally.

Digital Vega is an independent company that operates the Medusa FX Options trading platform, specializing in over-the-counter (OTC) foreign exchange options. The platform is designed to cater to clients' needs by allowing them to select prices and expiration dates that align with their hedging or profit strategies. Digital Vega provides an array of connectivity options, order staging and management tools, along with a buy-side FIX trading API and implied volatility API. This comprehensive offering enables clients to access indicative pricing, aggregated executable liquidity, and detailed post-trade analytics. As the financial landscape shifts towards electronic trading, driven by regulatory changes and client demands, Digital Vega aims to remain at the forefront of these developments by expanding its product offerings and supporting new asset classes, thereby enhancing its position as a leader in the OTC FX Options marketplace.