Sigma Broking Selects FIA Tech’s Atlantis Platform

Sigma Broking Ltd, the international privately-owned brokerage company servicing institutional customers, today announces that it has selected FIA Tech, a leading futures industry technology provider, to support the Firm’s trade processing.

The agreement between the two parties enables Sigma Broking to utilise FIA Tech’s Atlantis settlement platform and covers the housing of Give Up Agreements between parties as well as facilitating the execution of new ones. Atlantis simplifies the calculation, invoicing and payment of brokerage fees to executing brokers.

Commenting, Gary Pettit, CEO of Sigma Broking Ltd, said:
“Our focus is on ensuring it is easy for our clients to do business with Sigma Broking whilst streamlining our processes between counterparties so that we’re as efficient as possible. FIA Tech’s Atlantis settlement provides us with all the functionality we require and we are already onboarding many clients who wish to use the platform.”

Erin Kairys, VP, Head of Brokerage Growth at FIA Tech, added:
“We are pleased that Sigma Broking has started using Atlantis to settle brokerage and we look forward to supporting them as they onboard with additional counterparties. Atlantis is the global industry standard brokerage payment platform and processes more than 170 million trades per year. Firms using Atlantis enjoy automated settlement rates up to 99% and often have 2-3x productivity of their brokerage payables and receivables teams vs firms not using Atlantis.”