FIA Tech ·Customer story
How FIA Tech balances speed and engineering discipline with CloverDX
FIA Tech Customer Story
Use Case: Scaling data ingestion
FIA Tech, a financial services technology company servicing over 8,000 firms, needed to scale their data onboarding process for a rapidly growing client base.
About:
FIA Tech is a high-growth firm delivering cutting-edge solutions to the financial industry. Their clients range from major exchanges to innovative fintech companies, all relying on close-to-real-time data to make fast, informed decisions. FIA Tech specializes in data onboarding, processing, and management, ensuring teams can handle large volumes of data efficiently and without disruption — powering smarter, faster business outcomes.
www.fia-tech.com
Industry
Financial Data Technology
Size
100+
Region
Global
- Ingesting data at scale from multiple sources and formats
- Maintaining reliability and scalability
- Enabling collaboration between teams
- Easier, more scalable client onboarding
- Resilient, future-proof data ingestion processes that handle changes in client formats or increased volumes
- Collaborative, future-proof architecture for onboarding client data
The Challenge
Enabling collaboration for speed, flexibility and reliability
FIA Tech needed to ingest data, at scale, from clients into their Trade Data Network (TDN). TDN brings together trade data from market participants to create a unified ledger of trade information. It enables market participants to normalize their data and communicate seamlessly with other participants, providing operational efficiency, elimination of bottlenecks, and reduced costs.
The challenge comes as market participants use different formats to send data to TDN, from industry standard FIX through to flat files or xml. The key to the network’s success is the ability to ingest data from disparate sources, in different formats, and integrate it into a shared golden source of trading activity.
FIA Tech required a data platform that offered:
Flexibility
Coding capability alongside a visual interface, to handle any client data formats and standardize them.
Collaboration
Enabling the Client Operations and Engineering teams to work together – delivering domain expertise and fast turnaround, as well as ensuring performance and scalability.
Robustness
Support for robust software development lifecycle processes, to ensure resiliency for real-time data processing and adherence to strict SLAs.
Integration
Support for modern platforms, especially Kafka, to support time-critical trade information.
Chris Leigh
Connectivity Manager at FIA Tech
And it’s crucial that the data processes are reliable. As FIA Tech CTO Yossi Leon says:
Yossi Leon
CTO at FIA Tech
To achieve these reliable processes, two teams within FIA Tech – the Engineering team and the Client Operations team - needed to work together on onboarding client data to TDN.
The Technical Lead Engineer at FIA Tech, Jay Thakker describes the data ingestion process:
“We have people who know the data really well and people who know technology really well. Both of them work on CloverDX. One group sets the business rules... and on our Engineering side it’s more like, how do we make this rule possible… and make sure the data is flowing in the right order?”
Here's what the FIA Tech team had to say about their switch to CloverDX
George Mohr, Senior Vice President and Head of Software Engineering at FIA Tech explains: "The Operations team needs to get things turned around very, very quickly, under a lot of pressure. We tried to just focus on speed for as long as we could, but pretty quickly reached the point where things start to strain."
They needed a platform to help balance dynamic responsiveness with engineering discipline, and build a solid foundation for the company to grow.
As CTO Yossi Leon says: “We’re building generic processes that will serve us not just for the next 10 participants, but for the next 100 participants. It will help us minimize the time to onboard new firms, and minimize the maintenance load we have.”
Why CloverDX was different
The previous tool that FIA Tech had been using for data ingestion was user-friendly but limited.
Debby Planer, who as Head Of Connectivity at FIA Tech leads the Client Operations team, explains:
"The tool was designed with a strong focus on the end-user experience, enabling non-engineers to deliver results quickly. However, for our particular use case, we required more flexibility and the ability to handle greater complexity than the platform was originally intended to support."
Technical Lead Engineer Jay Thakker, who sits on the Engineering side, agrees:
“The platform offered a standardized set of capabilities, which worked well for common use cases. For more tailored or customized needs, however, there were some limitations. But CloverDX gives us flexibility in terms of writing our own custom code, as well as providing a lot of out-of-the-box functionalities.”
George Mohr
Senior Vice President and Head of Software Engineering at FIA Tech
Chris Leigh
Connectivity Manager at FIA Tech
Enabling collaboration between technical and business teams
With CloverDX, the Engineering team builds reusable, generic components and processes, and the Client Operations team uses and extends them for client-specific integrations – delivering fast turnaround for client onboarding.
Jay Thakker explains the importance of this generic approach to building ingestion pipelines: “We want to move away from bespoke solutions; they require a lot of human intervention and limit straight thru processing. We’ve now built shared workflows that are constantly purposefully reused. The Operations team maps clients onto their own small piece, which then gets mapped to that shared process.”
Performance and accessibility
CloverDX offered a platform that non-engineers could interact with, but was also a solid development tool that delivered the flexibility and reliability that FIA Tech needed.
Connectivity Manager Raul Rodriguez comments:
“That balance between ‘can a non-technical person use it’ versus how much effort you have to put in is important. Performance is number 1 for us. I’d say CloverDX hits the right notes for us.”
Getting that balance right, with a platform that delivered reliability as well as enabling collaboration, was a key goal for the FIA Tech team.
Head of Connectivity Debby recalls:
"Nay-sayers said 'you're not going to find the combination of performance with the ability to have non-developers use the platform. But CloverDX actually met that requirement."
True flexibility - visual + code
Previous tools had proved too rigid. But with CloverDX, Debby found:
Debby Planer
Vice President, Head of Connectivity at FIA Tech
George agreed that:
“The ease of use, drag and drop interfaces are important, but at some point you want to be able to dig below that, providing source code control, change management, environment integrity, and externalization of parameters.”
The teams both realized that CloverDX’s combination gave them the flexibility they needed to handle all their client data ingestion.
George recalls:
"With CloverDX, when I saw that you could exit into Java and write code, I thought 'OK, now I feel comfortable that there's not a use case that'll pop up that, at least conceptually, we can't write a solution for."
On the Operations team, Chris Leigh also appreciates the flexibility:
“CloverDX gives us a much greater degree of flexibility compared to the more predefined, canned rules we worked with previously. It's like moving from large, fixed blocks to smaller Lego pieces — we now have finer granularity that lets us build more tailored solutions efficiently, without starting from scratch.”
Results
Easier, more scalable client onboarding
CloverDX enabled FIA Tech to scale data onboarding by letting the Operations team handle client delivery without waiting for developers and without dealing with the core of the pipelines. George explains:
George Mohr
Senior Vice President and Head of Software Engineering at FIA Tech
CloverDX’s ability to support different data sources and formats, especially the native Kafka integration that’s a core part of FIA Tech’s workflows, means that the teams can handle whatever data clients supply.
Debby Planer
Vice President, Head of Connectivity at FIA Tech
Jay Thakker
Technical Lead Engineer at FIA Tech
Better observability and error handling
FIA Tech's logging capabilities built on top of CloverDX enable proactive support for demanding SLAs.
Chris Leigh explains how even the less technical Operations team can see any errors:
“The logging will tell me where something failed and for what reason, so we can usually figure out what’s wrong. For the more complex stuff we can call in the technical team.”
George Mohr
Senior Vice President and Head of Software Engineering at FIA Tech
Long term architectural benefits
Jay Thakker explains how CloverDX has supported FIA Tech’s shift to more resilient data ingestion processes, future-proofing against changes in client data formats or increased volumes:
“We can now make some mature engineering decisions rather than just throwing something out there because it works.”
The Operations team also appreciates the solid foundation CloverDX provides.
Raul Rodriguez
Connectivity Manager at FIA Tech
And with “…engineering tools created out of the box as components” as Jay describes, the FIA team are able to deploy and deliver faster.
Collaboration for the best of both worlds
Simplicity might seem like a clear benefit, but some tools can ignore key capabilities such as version control, error recovery, or scalability – things that are vital to enterprise-grade platforms.
CloverDX enables collaboration between technical and less-technical teams at FIA Tech, balancing developer-grade power and reliability with accessibility and client responsiveness.
George Mohr
Senior Vice President and Head of Software Engineering at FIA Tech
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