Cicada provides an all-to-all, anonymous trading platform for institutional investors and dealers seeking liquidity in LatAm government bonds denominated in local currency. The platform automates trade and post-trade processes using distinct trading protocols to enhance efficiency and mitigate risk. Users can access Mexican local currency bonds, including M Bonos, UDI Bonos, and Cetes, via a comprehensive API for ecosystem integration.
Funding
$10.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutional investors trading Mexican government bonds face operational inefficiencies and risks due to fragmented trading processes and a lack of integrated tools. Existing platforms may not fully automate trade and post-trade activities, hindering efficiency and potentially increasing operational risk.
Solution
Cicada offers an all-to-all, anonymous trading platform designed to streamline trading and post-trade processes for institutional investors dealing in Mexican government bonds. The platform provides two distinct trading protocols that automate key workflows, enhancing operational efficiency and mitigating risks associated with manual processes. By offering a comprehensive API and integrated tools like Cicada Vision and Cicada Data, Cicada empowers users to make informed financial decisions and seamlessly integrate the platform into their existing ecosystems. The platform supports trading in a range of Mexican local currency denominated bonds, including M Bonos, UDI Bonos, and Cetes.
Target Audience
The primary target audience includes institutional investors and dealers trading Mexican government bonds.
Features
- All-to-all, anonymous trading environment for institutional investors.
- Two distinct trading protocols to automate trade and post-trade processes.
- Comprehensive API for seamless integration with existing systems.
- Access to Mexican local currency denominated bonds, including M Bonos, UDI Bonos, and Cetes.
- Integrated tools such as Cicada Vision and Cicada Data for enhanced trading insights.
- Real-time price discovery.