Cicada

Cicada Technologies, Inc. is a financial technology firm established in 2021 by co-founders and co-CEOs Ignacio Tovar and Javier Hernandez Rivero. Headquartered in Greenwich, CT, the company operates as an SEC-registered Alternative Trading System (ATS) with a specific focus on revolutionizing the bond markets in Emerging Markets. The firm targets international investors and is dedicated to increasing liquidity and efficiency in local currency bond markets, starting with Mexico.

The company's core offering is an all-to-all, anonymous trading platform designed to modernize fixed-income trading. This system provides enhanced connectivity among market participants and automates both trade and post-trade processes, which serves to mitigate risk and streamline operations. The platform includes a suite of tools, such as Cicada Vision and Cicada Data, to help traders make more informed decisions. It also features a comprehensive API for seamless integration into existing client ecosystems. The technology stack is built on a foundation of Go and Python for the backend and utilizes Tailwind and React for the front-end, all hosted on Amazon Web Services (AWS) to ensure scalability and reliability.

Cicada operates on a business model that provides its trading platform as a white-label solution for trading multiple assets. The company generates revenue through its trading solutions, which are designed to bring greater transparency and fairness to capital markets. Since its founding, Cicada has successfully raised a total of $10.1 million over three seed funding rounds. Key investors include notable firms such as Citi, Kaszek, DILA Capital, and 500 Global.

Keywords: Alternative Trading System, ATS, emerging markets bonds, fixed-income trading, financial technology, local currency bonds, bond market liquidity, all-to-all trading, anonymous trading platform, institutional trading, Mexico bond market, securities trading, capital markets technology, fintech infrastructure, electronic trading, post-trade automation, trading API, kaszek, dila capital, citi ventures, ignacio tovar, javier hernandez rivero, greenwich startup