<?xml version="1.0" encoding="UTF-8"?><ns2:project xmlns:ns1="http://gtr.rcuk.ac.uk/gtr/api" xmlns:ns2="http://gtr.rcuk.ac.uk/gtr/api/project" xmlns:ns3="http://gtr.rcuk.ac.uk/gtr/api/fund" xmlns:ns4="http://gtr.rcuk.ac.uk/gtr/api/person" xmlns:ns5="http://gtr.rcuk.ac.uk/gtr/api/project/outcome" xmlns:ns6="http://gtr.rcuk.ac.uk/gtr/api/organisation" ns1:created="2026-07-08T08:44:08Z" ns1:href="http://gtr.ukri.org/gtr/api/projects/70D8354C-ABFE-47FE-8FB6-C1ABFF4062F7" ns1:id="70D8354C-ABFE-47FE-8FB6-C1ABFF4062F7"><ns1:links><ns1:link ns1:href="http://gtr.ukri.org/gtr/api/persons/454FF1AD-A0C7-4029-BE6D-A142C9F5682F" ns1:rel="PM_PER"/><ns1:link ns1:href="http://gtr.ukri.org/gtr/api/organisations/786F988E-6B53-47FD-97D3-2E37F35AB0D4" ns1:rel="LEAD_ORG"/><ns1:link ns1:href="http://gtr.ukri.org/gtr/api/organisations/786F988E-6B53-47FD-97D3-2E37F35AB0D4" ns1:rel="PARTICIPANT_ORG"/><ns1:link ns1:end="2021-04-29T23:00:00Z" ns1:href="http://gtr.ukri.org/gtr/api/funds/14F2AA2B-37E9-49D5-88D2-53388F748F84" ns1:rel="FUND" ns1:start="2020-11-01T00:00:00Z"/></ns1:links><ns2:identifiers><ns2:identifier ns2:type="RCUK">53519</ns2:identifier></ns2:identifiers><ns2:title>THETA aims to build a cloud-based SaaS platform that will lead the revolution to redefine trading technologies in capital markets for institutional investment manager.</ns2:title><ns2:status>Closed</ns2:status><ns2:grantCategory>Study</ns2:grantCategory><ns2:leadFunder>Innovate UK</ns2:leadFunder><ns2:abstractText>**Unmet Need**

The combination of fee competition, rising costs and asset growth is creating never-before-seen pressures on asset managers. Within the last few years, there has been a clear trend towards greater 'electronification' and more automated trading in the financial markets. Aggregated pre-trade information and pricing is critical to smart context-based investment decision making. There is a clear need in innovations that would increase connectivity of investment managers to banks in terms of pre-trade information (Fixed Income Leaders' Summit Oct/2019).

**Solution Proposed**

THETA was founded by Abdullah Hiyatt, a trading solutions architect and consultant, Paul Wallace, a head of trading, and Peter Meddemmen, a trading systems technology chief. THETA is solving a substantial inefficient outdated trading systems need that could lead the revolution to redefine trading in capital markets. THETA solution includes:

* Support for multi-asset trading covering Currencies, Fixed Income (Bonds), and Equities (Stocks) products.
* Aggregation of trading channels by connecting directly to the banks in addition to trading venues.
* Support for multiple trading models and strategies.
* Aggregated pre-trading information

This industrial research project aims to assess feasibility of creating a cross-platform chat messaging broker interoperating with standard enterprise messaging tools and underlying technology stack, to assess regulatory requirements, and to prepare for launch.</ns2:abstractText></ns2:project>