Agile Trading Technologies vs Figure Technology Solutions

What the rubric says

Agile Trading Technologies and Figure Technology Solutions are both scored in Secondary & Capital Markets. Agile Trading Technologies carries an overall of 4.2, Figure Technology Solutions an overall of 3.6. The widest gap between them is Return on spend, at 1.1 of a point. That axis measures what the spend returns, which is not the same as being cheap. Agile Trading Technologies takes it, 4.4 to 3.3.

Where the five axes separate

On Return on spend the record favours Agile Trading Technologies, 4.4 against 3.3. On Adoption and support the record favours Agile Trading Technologies, 4.4 against 3.3. On Integrations and ecosystem the record favours Agile Trading Technologies, 4.1 against 3. On Production impact the record favours Agile Trading Technologies, 4.4 against 4. On Functionality and depth the record favours Agile Trading Technologies, 3.8 against 3.7.

In Secondary & Capital Markets the rubric weights Production impact heaviest, at 35 percent. That is why the two overalls sit where they do.

How the weights turn axes into a score

Production impact carries 35 percent of the Secondary & Capital Markets score. It measures whether the tool moves volume, pull-through or cycle time. Functionality and depth carries 30 percent of the Secondary & Capital Markets score. It measures whether it handles the messy loans and not just the clean file. Integrations and ecosystem carries 15 percent of the Secondary & Capital Markets score. It measures how well it reaches the rest of the stack. Adoption and support carries 10 percent of the Secondary & Capital Markets score. It measures whether the team adopts it and gets unstuck. Return on spend carries 10 percent of the Secondary & Capital Markets score. It measures what the spend returns, which is not the same as being cheap.

Pricing posture

Agile Trading Technologies does not publish pricing. Its listed model is not published; broker-dealer execution platform, no license fee shown. Figure Technology Solutions does not publish pricing. Its listed model is not published for partners; consumer loan rates are published, platform economics are not.

Deployment and who each one targets

Deployment for Agile Trading Technologies: Cloud, reached by browser or mobile app. Deployment for Figure Technology Solutions: Cloud platform with a blockchain-native registry and marketplace. Segment focus for Agile Trading Technologies: Secondary desks at hedged originators, plus the broker-dealers quoting to them. Segment focus for Figure Technology Solutions: Home equity originators and institutional credit buyers willing to work on Figure’s blockchain rails. The two entries name different buyers.

What each record credits

Agile Trading Technologies: SEC-registered broker-dealer and FINRA and SIPC member, with no proprietary book or TBA lines. Agile Trading Technologies: MCTlive! Agile Trading Technologies: TBA request-for-quote and individual pool bidding share one screen with AOT automation. Agile Trading Technologies: Leadership named down to regulated roles, including a chief compliance officer and FINOP. Figure Technology Solutions: Company states 200-plus partners use its origination systems, $22 billion-plus financed. Figure Technology Solutions: Nasdaq disclosure under FIGR beats any private vendor here for transparency. Figure Technology Solutions: Origination and secondary sale share one ecosystem, removing handoffs that slow sales. Figure Technology Solutions: DART handles custody and lien perfection natively; Figure Connect provides a standing bid.

What each record holds against them

Agile Trading Technologies: No parent, investor or funding history is disclosed anywhere on the site. Agile Trading Technologies: Claims compatibility with leading hedge advisory platforms but names none. Agile Trading Technologies: Homepage counters render as placeholder zeros, including broker-dealer count and monthly volume. Agile Trading Technologies: The 4.6 basis point improvement figure is Agile’s own, with no third-party audit. Figure Technology Solutions: Closed ecosystem, with no third-party LOS or hedge advisory integrations named. Figure Technology Solutions: Scope is home equity and adjacent credit, not agency or jumbo first liens. Figure Technology Solutions: No partner-side pricing; the only published rates are consumer HELOC terms. Figure Technology Solutions: Mid-transformation: the Figure Markets merger and announced Kiavi deal keep the perimeter moving.

Which one fits which shop

Best fit for Agile Trading Technologies: A lender tired of calling four dealers for a TBA quote. Best fit for Figure Technology Solutions: A lender that wants HELOC origination and a ready buyer in the same system.

What each entry concludes

Agile Trading Technologies: Agile is an electronic marketplace for TBA and MBS pool trading. Agile Trading Technologies: It replaces the phone calls a secondary desk makes to its dealers. Agile Trading Technologies: It is an SEC-registered broker-dealer and a FINRA and SIPC member. Agile Trading Technologies: It states plainly that it carries no TBA lines and runs no proprietary trading. Agile Trading Technologies: Dealer coverage decides it, because the change only pays if your counterparties quote on the platform. Figure Technology Solutions: Figure is an all-or-nothing decision, not a tool you bolt onto an existing stack. Figure Technology Solutions: It is a vertically integrated home equity platform trading on Nasdaq under FIGR. Figure Technology Solutions: It runs its own registry and its own secondary marketplace. Figure Technology Solutions: Partners originate on Figure’s system, lien position lives in DART, and loans move to institutional buyers through. Figure Technology Solutions: The deciding question is whether you adopt Figure’s rails end to end.

The short answer

Agile Trading Technologies finishes ahead on the published rubric, 4.2 to 3.6. The margin comes mostly from Return on spend. Same rubric, same weights, no sponsorships.