Washington, DC -- Today, FIA announced an investment of $44 million by ten leading clearing firms to fund the strategic growth of FIA Tech. The capital raise will advance FIA Tech’s efforts to bring innovative solutions to the derivatives industry.

Attorney Sheldon Cohen started out his trading career as a risk manager for Goldberg Brothers, a CBOT clearing firm that was later sold to LIT Holdings, and eventually began trading at the Midwest Stock Exchange. He bought his own seat at the Chicago Board Options Exchange (CBOE) in 1976.