Adroit partners with GLMX
30 July 2020 New York
Image: Shaun Jeffers/Shutterstock.com
GLMX has partnered with Adroit Trading Technologies, an enterprise trading platform for the buy side, for a strategic alliance that integrates their complimentary platform services.
Through the deal, Adroit’s multi-asset order and execution management system (O/EMS) will be linked with GLMX’S electronic securities financing trading platform.
The new connectivity streamlines securities financing workflows, enabling clients to access real-time trading workflow tools on both platforms, the firms say, further noting that the alliance benefits mutual and prospective clients across the traditional asset management and hedge fund segments.
In addition to these capabilities, the two firms are working together to drive additional simplicity, transparency, and insights into the repo trading lifecycle.
These integrated solutions possess automated connectivity and standardized data delivery between Adroit and GLMX, common clients will experience faster onboarding, higher straight-through processing rates, and more efficient, less error-prone data exchanges.
Vivian Lai, partner and COO at Adroit, says: "We believe clients will continue to want choice and flexibility of their operating models, and we are committed to partnering with industry-leading providers like GLMX as a part of our platform strategy.
“we see enormous opportunity to help our common clients transform their operating models and enable more informed and timely decision-making."
Sal Giglio, COO and chief markets officer at GLMX,says: "We are excited to enhance the interoperability of GLMX’s platform through our collaboration with Adroit, and are focused on delivering additional value to our clients."
Through the deal, Adroit’s multi-asset order and execution management system (O/EMS) will be linked with GLMX’S electronic securities financing trading platform.
The new connectivity streamlines securities financing workflows, enabling clients to access real-time trading workflow tools on both platforms, the firms say, further noting that the alliance benefits mutual and prospective clients across the traditional asset management and hedge fund segments.
In addition to these capabilities, the two firms are working together to drive additional simplicity, transparency, and insights into the repo trading lifecycle.
These integrated solutions possess automated connectivity and standardized data delivery between Adroit and GLMX, common clients will experience faster onboarding, higher straight-through processing rates, and more efficient, less error-prone data exchanges.
Vivian Lai, partner and COO at Adroit, says: "We believe clients will continue to want choice and flexibility of their operating models, and we are committed to partnering with industry-leading providers like GLMX as a part of our platform strategy.
“we see enormous opportunity to help our common clients transform their operating models and enable more informed and timely decision-making."
Sal Giglio, COO and chief markets officer at GLMX,says: "We are excited to enhance the interoperability of GLMX’s platform through our collaboration with Adroit, and are focused on delivering additional value to our clients."
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