Author: Tim Binnington

Dr. Gary M. Vasey of CTRM Centre talked with Dale Emmerson, Global Head of ETRM at Orchestrade. 

“Orchestrade is making waves. Targeting the top tier in energy and commodities with a modern scalable event-driven architecture and deep ETRM functionality courtesy of its sponsoring client in energy, it is winning significant new customers in Europe and north America according to Dale Emmerson amidst what he calls ‘massive activity in the sector.’ It is finding traction in segments like merchant trading, utilities, and hedge funds, he told me and credits a build out of PPA, certificates and renewable functionality completed last year in part. It has also built out natural gas storage. The vendor also does well on the financial institution side of the business by virtue of handling equities, crypto, FX, IR and commodities all in the same application. “Often, entities get stuck with two separate systems to handle all those asset classes,” he said, “now they can do it all in one – Orchestrade.”

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Orchestrade and KWA Analytics, an award-winning, capital and energy market system specialist consulting group, have announced a strategic partnership to deliver Energy Trading and Risk Management (ETRM) systems to companies across the globe.

This partnership comes at a pivotal moment as energy markets have experienced unprecedented changes over the past five years. The global focus on achieving Net Zero, coupled with several significant geopolitical events, has spurred many companies to embark on ambitious digital transformation agendas. However, whilst many clients would like to move to a modern IT landscape centred around one or several ETRM’s, migrating to a new landscape is a complex project that extends beyond the boundaries of the ETRM system(s), especially when cross asset requirements are considered.

Orchestrade offers an award-winning top tier ETRM solution, specifically designed for today’s ever-changing energy markets. KWA Analytics is an award-winning consultancy and one of the world’s leading ETRM implementation specialists. Together, they will deliver transformative solutions for their global clients navigating the transition to new, efficient systems.

Phil Walsh, Director at KWA, shared his excitement about the collaboration, “KWA are extremely proud to be selected by Orchestrade as their ETRM delivery partner. We very much share Orchestrade’s vision of the combined value of their open, highly performant architecture and KWA’s track record of service delivery for sophisticated trading systems. I’m very excited to welcome Orchestrade to the leading systems that we provide services for.  The opportunity to provide the trading and risk management community with an expanded range of high value system implementation, integration and advisory services is the key strategic aim of KWA.”

Dale Emmerson, Global Lead – ETRM, at Orchestrade, said, “I have known the leadership team of KWA for a number of years and have always been impressed by their deep business and technical expertise around ETRM and their reputation in the market around client delivery. Orchestrade has always been focused on engineering the highest quality software and this partnership provides clients with access to a step-change ETRM platform combined with world leading project implementation. We are both motivated to improve the client experience.”

Alpha Financial Software, the fintech leader in U.S Agency Mortgage-Backed Securities (MBS) Clearance and Settlement automation, has partnered with Orchestrade, the cross-asset capital markets trading, operations, and risk technology firm, to deliver comprehensive clearance and settlement to common clients managing mortgage products.

As forward-looking asset managers and dealers embrace automation in their U.S. MBS operations, they progress from a human capital-intensive business into a fully automated environment that delivers significant benefits in terms of profitability, efficiency and speed.

“As our asset management and custodial banking clients continue to realize the benefits of our product, TBA Mortgage Master, we welcome the opportunity to broaden our reach with industry-leading firms such as Orchestrade,” said Joe Kohanik, Managing Partner at Alpha Financial Software. “Our MBS Ops Network delivers everything fixed income managers require on a single platform to mitigate the margin, settlement and “fail” risks of their MBS trading strategies. And for our software partners, our comprehensive API makes for ease-of-integration and a shortened time-to-market.”

“TBA Mortgage Master is widely regarded as the leader in providing full life cycle processing for TBA mortgages, including real-time connectivity to payment, matching and settlement systems,” states Gordon Chan, General Manager, Orchestrade. “We are truly excited to offer our customers out-of-the-box integration to this leading fixed income clearing and settlement network.”

Orchestrade and Rebar Systems have announced a partnership to provide a fully integrated offering of Rebar’s order management and execution platform (ROME™) with Orchestrade’s market leading cross asset front-to-back trading and risk portfolio management system.

The asset management industry faces significant challenges to business operations and budgets when they look to scale, automate, create efficient workflows, and trade more complex products. The root cause is often the inability of a legacy technology stack to adapt and evolve due to the complexity of disparate, integrated systems and siloed solutions. This often results in a reliance on manual and legacy processes and insufficient compliance and risk management.

As our business in North America continues to grow, our team has been expanding. We have upgraded our New York office and we have moved into the iconic PENN 1 at Pennsylvania Plaza. This represents more than just improving the view, it is part of our long-term commitment to supporting our clients and developing our offering across trading, risk management and operations.

It is with great pride that we received the “Best Portfolio Management System” at the Systems in the City Fintech Awards 2023 organised by Goodacre. It was a real pleasure to be given the award by the distinguished journalist Gillian Jospeh.

The Systems in the City Financial Technology Awards are the leading endorsement for suppliers of services and systems to the regulated financial services sector. They are based on an independent and factual annual accreditation process, overseen by three independent judges.