Best sell-side middle office platform – Waters Sell-Side Technology 2023

Waters sell side

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.”

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Waters sell side

New London Office

London office

We are delighted to share that the Orchestrade London team has moved into a larger and more modern office at 74 Coleman Street in The City, just by London Wall and Moorgate.

London office

EZOPS and Orchestrade Announce New Channel Partnership to Advance Reconciliation, Data Migration, and Better Customer Experience

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Data Automation Company to Expand Client Servicing by Partnering with Trading and Risk Management Platform

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EZOPS, the leading provider of AI-enabled data control, workflow automation, and regulatory reporting platform, announced today its channel partnership with Orchestrade, a leading modern, cross-asset, front-to-back trading and risk management platform for banks, asset managers and hedge funds. The collaboration will offer a broad range of solutions that provide end-to-end integration and post-trade data automation.

The EZOPS and Orchestrade channel partnership will offer the market an economical and comprehensive answer for more efficient data migration. EZOPS’ adaptive and intelligent platform will allow operations user to monitor, change, and track the data lifecycle from onboarding to break management and resolution to reporting. With prebuilt integration into Orchestrade, trade data is seamlessly transformed and prepared for reference data checks, NAV calculations, derivatives settlement confirmation, or any other mission-critical operations tasks downstream.

“Here at EZOPS, we recognize the industry’s need for a new approach to manage and apply post-trade data for various requirements and we are very excited to be partnering with Orchestrade in order to do that, said Dutt Chintalapti, Co-founder & COO at EZOPS. “Even today, data operations are processed on rigid and aging reconciliation systems that weren’t designed to fully service and adapt to the constantly changing requirements of today’s asset management firms. The concept of post-trade isn’t just limited to reconciliation as most heavy lifting happens before and after recon is complete. This is why many investment operations, big and small, are left to choose between internally built and maintained tools, or outsourced operations.”

The EZOPS ARO platform was designed to integrate with sophisticated financial software firm such as Orchestrade. The unique platform has self-service reconciliation, workflow and reporting modules, AI-driven prediction, analytics capabilities, and process automation features that allow clients to enhance and automate operationally intense and time-critical processes. EZOPS’ low code framework makes it easy for users to automate the source of most inefficiencies and manual data quality remediation, paving the way to automating repeatable tasks throughout the data lifecycle and delivering value at scale.

The EZOPS platform incorporates machine learning to eliminate time consuming and complicated processes associated with the manual nature of financial data. With multiple years of experience in Capital Markets for the Buy and Sell side, the data automation platform delivers a sturdy, flexible solution to supply reliable and actionable information.

“This partnership allows our clients to seamlessly access EZOPS’ industry leading AI-enhanced capabilities for data analysis and reconciliation. The interoperability at the heart of the Orchestrade system enables us to deliver the widest range of data connectivity with end-to-end consistency. So our users can truly benefit from real world operational efficiencies. adds Gordon Chan, Orchestrade General Manager.

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About EZOPS

EZOPS harnesses the power of machine learning and intelligent process automation to revolutionize data control and drive transformative efficiency gains at some of the world’s largest financial institutions. EZOPS offers comprehensive functionality that businesses of large scale and complexity need to manage the five pillars of operational data control – reconstruction, reconciliation, research, remediation, and reporting – all powered by machine learning and smart workflow management. EZOPS operates globally with offices in the U.S., Europe, and Asia.

ENGIE “Global Energy Management & Sales” extends use of Orchestrade to B2B/B2C supply and PPA activities

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ENGIE’s business entity “Global Energy Management & Sales ”, that optimizes the Group’s assets portfolio including electricity, renewable technologies, natural gas, environmental products and bulk commodities, while developing an external supply franchise worldwide, announces the successful implementation of Orchestrade for all its B2B/B2C sales, power renewable assets activities, certificates trading.

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CTRM Centre Validates Orchestrade ETRM

CTRM

Dr. Gary M. Vasey of CTRM Centre talked to Dale Emmerson of Orchestrade about our ETRM system.

“Orchestrade has been around since 2009 and today has more than 40 customers and around 100 staff. In 2017, it began a collaboration with Engie after a successful Proof of Concept and it has now brought a comprehensive and state of the art ETRM solution to market, according to Dale Emmerson of Orchestrade. The solution supports a wide range of commodities including physical and financial gas and power (including intra-day power), certificates, financial crude and products, financial coal, financial freight, and weather derivatives and is capable of capturing “very high trade volumes across hundreds of users.” It is also capable of handling complex PPAs and structured trades and uses high levels of automation to aid the user experience along with STP market connectivity to 140 markets out of the box, he told me. So, I was intrigued and excited to get a demo of the solution. Currently, the ETRM solution is used by Engie and an energy hedge (carbon) fund. Despite looking at many existing ETRM solutions on the market, Engie were attracted by the technical platform and speed of development, he told me. It also features multi-threaded grid computing for performance.”

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Orchestrade is named a “Rising Star” in the 2022 Chartis Buyside50 Report

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July 6, 2022 – San Mateo, CA – Orchestrade has been awarded “Rising Star” in the inaugural 2022 Chartis RiskTech Buyside50 awards – a global comprehensive independent study of the world’s major buyside players across the investment management lifecycle. 

“Buy-side hedge funds and asset managers continue to look for updated architecture and cost-efficient, real-time P&L/risk layers that can integrate well with existing apps while also providing open APIs to link into specific multi-asset modules where and when needed,” said Jay Wolstenholme, Research Director at Chartis. “Orchestrade’s modular cloud-based engineering leverages the advantages of FinTech design while supplying market-reliable solutions across the growing range of investment houses.”

With Orchestrade buy-side firms and other financial institutions including banks and insurers can embrace disruptive technology that can keep pace with their business requirements, delivering value to their investors and shareholders. Clients can rapidly launch new products, including the most complex derivatives and structured products, while improving end-to-end STP processing and risk management. The Orchestrade solution’s cross-asset event-driven design drives real-time P&L, risk and operations on a modern, open architecture that enables clients to quickly evolve with market, business and technology needs.

Luxoft and Orchestrade Announce Strategic Alliance to Offer a Broad Range of Integrated Products and Services for Capital Markets

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San Mateo, CA – July 1, 2022 – Orchestrade, a leading, modern, cross-asset, front-to-back trading and risk management platform for banks, asset managers and hedge funds in the market, and Luxoft, a global banking and capital markets consulting and services provider, today announced an alliance to offer a comprehensive suite of integrated products and services. The collaboration will enable financial institutions to meet the challenges of current and future market conditions through implementing Orchestrade’s software, delivering flexibility, openness and increased pace of change to meet new market opportunities.

The Luxoft and Orchestrade alliance brings a new approach to end-to-end integration services, founded on a complete “as a Service” delivery strategy, materially addressing the time to market, total cost of ownership, and transition needs of the client’s unique business and technology goals. Orchestrade has established its presence over the last 11 years building a solid base of buy-side, sell-side, and commodities clients and with Luxoft will continue to scale and improve its delivery capabilities. The Luxoft and Orchestrade alliance is the most recent addition to the Luxoft family of leading software partner solutions and is led by industry experts leveraging over two decades of awarding winning and referenceable system integration capability.

“Orchestrade is a company that continues to deliver at the pace of change required by today’s financial institutions. We are proud to be the implementation partner for clients choosing this fantastic solution for their current and evolving future needs.”
Ihyeeddine El Feki, MD, Global Head of Trading and Risk Solutions, Luxoft​

“At Orchestrade we believe that choosing the right partners is essential to successful delivery and building long term client relationships. Our experience working with Luxoft on engagements, combined with the size, strength, and proven track record of their vendor application practice, make them an obvious choice to be Orchestrade’s global delivery partner.”
Gordon Chan, General Manager, Orchestrade Financial Systems

Through this exciting new alliance, both parties will bring accelerated change to the financial services market, combining the two organizations’ best in class offerings: Luxoft’s rich heritage of systems integration and software engineering capability, and Orchestrade’s advanced technology platform.

Orchestrade Wins “Best Middle Office Solution” in 2022 FTF News Technology Innovation Awards

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Orchestrade Financial Systems, a leading provider of cross-asset trading, risk management and operations technology, has been recognized by Financial Technologies Forum for Best Middle Office Solution in the 2022 FTF News Technology Innovation Awards. This award spotlights the solution offering that helps facilitate more efficient middle office operations, particularly IT innovations that eliminate manual systems, legacy solutions and pave the way for operational efficiency. Winner selection was based on votes from qualified industry participants.
“We are very honored to receive this important recognition from FTF News,” said Gordon Chan, VP, Orchestrade. “Our solution is a complete cross-asset front to back-office capital markets system used by sell-side and buy-side institutions to achieve unparalleled time to market and reduction of total cost of ownership. Its modern middle office functionality enables the system to live up to the product name—orchestrating and automating trading activities across a wide range of asset classes across the enterprise. Orchestrade’s real-time P&L and risk capabilities allow users to view and analyze risk against several risk measures for a wide range of treasury and derivatives products on a single blotter. P&L can be explained and decomposed by any change in market conditions including credit, interest rate or currency.”
Orchestrade won the Financial Technologies Forum award for Best Middle-to-Back-Office Integration Solution in 2021.