Category: News

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 hedge fund 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.

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.’

Dr. Gary M. Vasey of CTRM Centre talked with Dale Emmerson, Global Head of ETRM at Orchestrade about the exciting news around our ETRM. 

“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.”

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“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.