London-based Adaptive Receives Strategic Investment From Citi And HSBC

Led by CEO and Co-founder Matt Barrett, Adaptive develops market infrastructure technology for financial services firms. Its core offering centers on Aeron®, an open-source platform designed for high-throughput, low-latency trading systems that can be deployed both on-premise and in the cloud.

The company operates globally with offices in London, New York, Barcelona, Montréal, and Manila, supporting major banks and investment firms in building proprietary technology stacks to differentiate their trading capabilities.

This marks the first external investment in Adaptive, which had been self-funded for more than 13 years. The strategic backing from HSBC and Citi reflects the firms’ collaboration with Adaptive on initiatives aimed at modernizing capital markets technology.

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The funding will help Adaptive expand the delivery of high-performance, cloud-native trading solutions, responding to increasing demand for client-owned, customized trading infrastructure.

The investment comes at a time when trading and liquidity infrastructure is rapidly shifting to the cloud and the adoption of open-source, modular and platform-based technologies is accelerating across financial markets. Adaptive’s Aeron technology has become widely recognized for powering high-performance and resilient electronic trading systems, positioning the company at the forefront of this transformation.

The new capital will support Adaptive’s growth strategy enabling the company to strengthen product development and delivery capabilities while continuing to build advanced trading platforms that offer financial institutions a competitive edge through technology innovation.

Matt Barrett, CEO and Co-founder, Adaptive, 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.

“For this milestone, we chose to partner with HSBC and Citi who understand the true value of differentiation via technology. We are very excited for what’s next to come.”

About Adaptive

Adaptive, founded in 2012, develops custom trading technology solutions for financial institutions. The company specializes in building bespoke front-office platforms that combine deep capital markets expertise with advanced engineering. By delivering high-performance, tailored systems Adaptive helps firms gain a competitive advantage and modernize their trading infrastructure for the future.