FIA announced that Synswap is one of 20 companies chosen to exhibit in the Innovators Pavilion at the 33rd Annual FIA Expo in Chicago October 17 – 19. Innovators Pavilion showcases startup companies providing forward-thinking solutions for the futures, options and cleared swaps industry.
Synswap was chosen from a competitive pool of applicants to showcase its blockchain-driven platform processing derivatives to more than 5,000 attendees at the largest gathering of derivatives industry professionals in the world. The Innovators Pavilion is sponsored by Amazon Web Services and Nasdaq, which helps provide each FIA Innovator with a Tech Pod and a flat screen monitor on the Expo show floor that can be used to display its services. Synswap will also be featured in the official conference guide, the FIA’s service provider directory, and the event app. In addition, five FIA Innovators will be chosen to take part in a Meet the Innovators competition in which each company will have five minutes to pitch its services to Expo attendees. Following the competition, a panel of judges will select one company as the FIA Innovator of the Year and award that firm a prize of cash and other resources valued at more than $20,000.
“I’m proud to announce that Synswap was chosen to be featured in the 2017 class of FIA Innovators,” said Matt Haraburda of XR Trading, chairman of the Innovators Pavilion selection committee and executive committee member of the FIA Principal Traders Group (FIA PTG). “Synswap and the other FIA Innovators represent some of the most progressive and forward-thinking work being done in fintech related to cleared derivatives. I’m looking forward to seeing their work showcased at Expo.”
With more than 5,000 people attending each year, the FIA Expo is the largest gathering of derivatives industry professionals in the world. Attendees include senior executives from brokerage firms, exchanges, trading firms and service providers, and the exhibit hall typically attracts more than a hundred firms as exhibitors.
Synswap and other Innovators were selected on the basis of applications that were submitted and reviewed by a committee of industry experts assembled by FIA.
FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, D.C. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from more than 48 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.