Cicada is a privately-held corporation, with a global presence in New York, London, Oklahoma City and Hong Kong. The company was founded in 1998 by a core group of executives with extensive careers in the financial information industry. Cicada’s first major product development for the financial markets was a data management platform designed for processing real-time market data, called Cicada Composer®. Today, the core Cicada Composer technology drives the market data dissemination and business
operations of major global exchanges. It also powers the foundation of a market data dissemination solution now being offered by one of the world’s most prominent exchange technologies providers.

Later, as the financial markets began to see the negative effects of poor reference data quality and availability on business processes throughout the industry, Cicada saw an opportunity to offer another solution to the market. In the market’s early efforts to achieve straight-through processing of trades and other transactions, it became clear that many trades were failing due to poor or missing reference data. To address this pressing problem, Cicada added specific functionality and tools to the Composer architecture, including a rules engine, a workflow-driven framework and a graphical user interface facility to enhance data management activities. This data management engine was launched as Cicada Composer® plus+.

As the industry has continually faced new challenges, Cicada has leveraged its experience and technologies to build purpose-driven solutions for the market. In addition to data management technology for market data, instrument reference data and counterparty/entity data, Cicada’s solutions range includes software for streamlining and integrating the business processes associated with Know Your Customer (KYC) compliance, technology and services for algorithmic trading, and testing services for software that processes large volumes of low latency data.

Leveraging the flexibility and proven functionality of its core data management technology, Cicada continues to respond with innovative financial markets and compliance technology solutions.