Client BackgroundOur client, an IT company specializing in Capital Markets development, is renowned for creating highly customizable products designed to streamline the daily operations of financial companies.ChallengeThe primary challenge was to develop a robust, comprehensive platform capable of supporting the multifaceted needs of financial institutions. The client required a solution that would:- Handle complex trade executions and lifecycle management.- Ensure regulatory compliance.- Provide real-time data and analytics for informed decision-making.- Enable seamless integration with various APIs and third-party services.- Offer customizable user interfaces and workflows to meet specific user needs.SolutionGlorium Technologies played an integral role in the development of the client’s platform from its inception. The platform manages the full lifecycle of the trade along its route across front and middle offices, operations, documentation and other departments. All necessary regulatory and compliance reporting is supported as well. The platform is currently used at major investment firms like Royal Bank of Canada, Millennium Partners, Chicago Mercantile Exchange, etc.Features:- User access level enforcement- Trade execution in quick and full ticket formats- Trade History & Audit Trail- Trade visualization in customizable blotter formats, including cross-product views- Trade workflow customization- Straight through processing (STP) for electronic executions on ECNs/SEFs- Derivative activity capture (inception, unwinds, step-ins, step-outs)- Integration with Risk, MTM, Fee, Net Money APIs- Real time management information data – activity, revenue, trader, sales people
