Adaptive, a provider of custom trading technology solutions, has secured strategic investment from global financial institutions Citi and HSBC to accelerate its growth and product innovation roadmap.
The funding will enable Adaptive to scale its delivery of high-performance, cloud-native solutions centred around its suite of Aeron® products, as liquidity and trading infrastructure increasingly migrate to the cloud.
The investment also positions the firm to meet growing demand for client-owned, differentiated and bespoke trading technology amid evolving market dynamics and heightened competition.
The capital will support Adaptive’s growth plan by boosting product development and delivery capabilities, building on its track record of developing sophisticated trading platforms that offer competitive advantage through technological differentiation.
Adaptive CEO and co-founder Matt Barrett said, “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.”
HSBC Markets & Securities Services managing director Ed Duggan said, “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.”
Citi global head of markets technology Nikhil Joshi said, “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.”
Copyright © 2025 FinTech Global
