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.
For the third year in a row, Orchestrade has won at the FTF News Technology Innovation Awards. The “Best Middle Office Solution” award recognises the solution that helps facilitate more efficient middle office operations, particularly IT innovations that eliminate manual systems, legacy solutions and pave the way for operational efficiency. The selection was based on votes from qualified industry participants.
Orchestrade is a business agnostic modern trading, operations, and risk management platform that is natively cross-asset by design, not a multi-asset platform that has been bolted together from different technology stacks and data modules. The system is engineered to perform middle office risk management, risk data analytics, and trade verification.
Orchestrade can solve a specific problem at a specific desk or be used across a business, so reducing total cost of ownership. Orchestrade provides complete product control by delivering adaptive workflows for full reconciliation, real-time PnL monitoring (including explained and attribution), product control reporting, trade exception management, trade lifecycle management, collateral management, and powerful risk tools, exception management, and fixing.
We deliver a comprehensive business process library, risk, middle office tools and functionality and a range of best-practice workflow configurations. It has an extensive collection of market standard APIs,
We continue to improve our offering to meet and exceed the needs of conventional sell-side and buy-side firms as well as Crypto, Neobanks, Retail Brokers.
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.
We are so pleased announce the growing recognition of our outstanding Energy Trading and Risk Management (ETRM) offering. We have been recognized in the Chartis Energy50 and awarded for best ‘Power Trade Management’.
‘Orchestrade’s entrance into the Energy50 this year reflects its strong recent performance,’ said Sid Dash, Chief Researcher at Chartis. ‘Its new, comprehensive platform, combined with sound inputs from end users, marks it out as a fresh and strong addition to the ETRM ecosystem.’
“A week or so ago, I caught up with Dale Emmerson of Orchestrade. He was keen to tell me how things were going, and how they had achieved an element of better name recognition in energy and were now extremely busy as a result. The vendor is involved in several large RFP processes in Asia, north America and Europe with top tier energy and commodity firms, he told me, pointing out that there was a legacy replacement trend that was growing rapidly in the industry. This trend was driven by increased complexities, greater need to cope with large trade volumes and decision making, and volatilities in the business such that buyers were seeking near real-time capabilities more than ever before.”
New York, May 16, 2023, Orchestrade announced the signing of an alliance agreement with TCMpartners, a professional services organization focused on Treasury and Capital Markets, with offices in Latin America and Europe.
The alliance will enhance the localization, implementation, and delivery of cloud-based services around the Orchestrade platform, designed to address modern capital markets challenges. Leveraging the system, organizations can accelerate the modernization of their front, middle and back-office technology, trade new products, and increase both business and technical flexibility.
Orchestrade has a strategic focus on the largest markets, both mature and rapidly developing, where banks, hedge funds and asset managers are seeking to access new opportunities, trade a wider range of financial products, and increase operational efficiency.
These trends present distinct challenges for businesses that are constrained due to the inflexibility of legacy technology providers. Through technology stack transformation financial services companies can benefit from Orchestrade’s natively cross-asset system. The solution is uniquely designed to enable clients to bring new products and new workflows to market with exceptional speed, reducing the total cost of ownership through a single, easy-to-maintain system that interoperates with other services and retained technology more seamlessly.
Rafael Sainz, General Manager of TCMpartners commented, “We are impressed by Orchestrade’s functional depth and technology stack and are delighted to be creating this collaboration. TCMpartners will share our regional experience of country regulatory frameworks, local project management, and the integration with key business streams such as sales and trading and payment flows. We feel that Orchestrade’s cloud based cross-asset, trading and risk management system will be of real value for institutions in Europe and Latin America.“
Gordon Chan, General Manager of Orchestrade commented, “As we continue to build our growing client base, we look forward to collaborating with TCMpartners and sharing their extensive experience and knowledge of project delivery together with our award-winning platform.”
About TCMpartners
TCMpartners was founded in January 2014 in response to regulatory changes and the demand for advanced services in financial markets, risk management, and technology. Present in Latin America, and Europe, TCMpartners integrates world-class solutions that digitalize financial institutions business processes. www.tcmpartners.com
We are delighted to share the news that at the Energy Risk Awards 2023 in Houston, Orchestrade received a very special award.
Energy Risk sees the potential for Orchestrade to be very disruptive in the E/CTRM tier 1 software space and wanted to recognize that in this year’s awards. This year they ran a “One to watch” award and have given this to Orchestrade.
“The Energy Risk Awards are highly prestigious and recognise excellence across global commodities markets. This is great validation that the market is starting to take notice of the fantastic product the Orchestrade team has built and our ability to challenge the legacy ETRM market” said Dale Emmerson, Global Head of ETRM for Orchestrade.
We are proud to announce that Orchestrade was the winner of the “Best risk management technology” category at the With Intelligence HFM European Services Awards 2023 held to recognize hedge fund service providers demonstrating exceptional client service, innovative product development and strong and sustainable business growth.
These prestigious awards have a rigorous judging process, based on the views of a panel of leading hedge fund COOs, CFOs, CCOs, GCs and CTOs, ensures that the Awards stand out from the crowd as the ones the big providers really want to win, and recognise those driving up service standards across the sector.
Agence France Locale (AFL), the unique French local government funding agency owned by French local authorities, has today announced it has completed deployment of Orchestrade, the leading modern, cross-asset, front-to-back trading and risk management platform, to lower its operational risk and improve its overall trading and risk management.
AFL is a unique public sector company, which aims to help French local authority funding in the best way possible at the most competitive price. As part of its growth trajectory, AFL wanted to invest in a new financial software package to increase efficiency, reduce costs and achieve its business objectives.
AFL therefore required a single, scalable, modern platform to handle front, middle, risk, operation, and back office, and also be able to meet its specific trade capture and risk management needs. AFL needed a front-to-back solution with a visualized loan process, including acquiring loans and hedging them as they go to market. Selecting the right platform was a significant challenge, and a risk, for AFL, as the system would underpin its existing operations and be vital to enable AFL to continue to grow.
After consulting various software publishers, AFL chose Orchestrade. “Orchestrade’s strengths were its ability to understand AFL’s technical needs and to propose a solution with a competitive quality-price ratio. The platform’s standard functional coverage was good, as well as Orchestrade’s willingness to develop missing interfaces during the project, working alongside AFL’s business and IT teams,” confirmed Olivier Roullé, AFL General Secretary.
Despite the Covid crisis requiring all work to be done remotely, the project continued as planned. Orchestrade delivered portfolio profit and loss analysis and monitoring, alongside asset liability management using behavioural assumptions and new production forecasts, in line with FR-GAAP and IFRS9 accounting metrics. AFL now also uses Orchestrade for treasury optimization to ensure profitability and for its lending processes.
“Following the example of our Nordic counterparts, we are changing our market operations management module for a more suitable front-to-back and asset liability management software package, so we can optimize and secure our processes and develop future new possibilities, such as new products,” according to Thiebaut Julin, AFL’s Chief Financial Officer.
” We at Orchestrade are proud of the role we are playing in helping AFL accomplish its specific mission. With a rich and smart interaction between the different teams involved in the project, we have created a flexible and enhanced user experience, with world class customer support, using cloud-based architecture. Developing and delivering a managed service offering, which met AFL’s specific challenges really showed the breadth, stability, and flexibility of our technology platform. That we could do it in the way AFL wanted and needed gives us a real sense of pride and of a job well done for our client,” said Jean-Daniel Morfin, Head of Product Management at Orchestrade.
“The Company’s mission is to embody a responsible finance to strengthen the local world’s empowerment so as to better deliver the present and future needs of its inhabitants.”
By creating our bank, the first one we own and manage, we, the French local authorities, have decided to act to deepen decentralization. Our bank, Agence France Locale (AFL), is a financial institution unlike any other. Created by and for local authorities, it aims to strengthen our freedom, our ability to develop projects and our responsibility as local public bodies. Its culture of prudence spares us from the dangers of complexity and its governance from a downward slide of conflict of interest. The main objective is to provide the local world with access to cost-efficient resources, under total transparency. We are driven by the principles of solidarity and equity. We are convinced that together we go further. We decided that our institution would be agile, addressing all types of local authorities, from the largest regions to the smallest municipalities. We see profit as a means to maximizing public spending, not as an end goal. Through AFL, we support a local world committed to take up social, economic, and environmental challenges. AFL strengthens our empowerment: to carry out projects in our territories, today and tomorrow, to the benefit of our inhabitants. We are proud to have a bank whose development is like us, more responsible and sustainable. We are Agence France Locale.
We are proud to share the news that Orchestrade has received this award from such a highly reputable publication recognising the power and capabilities of our cross-asset platform for banks.
“Orchestrade wins its first ever WatersTechnology award by taking home the perennially competitive sell-side middle-office platform category thanks to its eponymous offering. The Orchestrade platform features trading, operations, and risk management functionality designed from the outset to be asset class- and business function-agnostic. It features adaptive workflows providing reconciliation, P&L monitoring, product control reporting, trade exception management, trade lifecycle management, and collateral management.”
