Orchestrade Financial Systems, a leading provider of cross-asset trading, risk management and operations technology, has won the Best Middle Office Solution category in the 2020 Financial Technology Forum (FTF) Technology Innovation Awards. The winner in this category was selected from among global middle-office operations providers that offer IT resource management services, risk management, risk data analytics, client and security master database support, and services for the coding, configuration and verification of trades. Winner selection was based on votes from qualified industry participants.
Orchestrade 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 a number of 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.
“We are honored to be awarded for this distinction, and grateful for the support of our diverse client base and recognition by market participants,” states Gordon Chan, General Manager, Orchestrade.
Users can rapidly add new products and associated processing to the system because of Orchestrade’s advanced product-agnostic event-driven architecture. Once in the system, the entire trade’s lifecycle is automated based on industry practices and requirements (confirms, payment schedules, corporate actions, fees schedules, accounting entries, etc.), or allowing for the institution’s internal standards. The system is designed to be highly scalable and flexible, enabling significant economies of scale.
Orchestrade enables banks, asset managers, hedge funds and energy firms to trade, manage risks and automate their entire operations from trade entry to settlement. Its award-winning cross asset platform is used by leading financial institutions in North America, Europe and Asia to manage some of the world’s most sophisticated trading and risk practices. For more information, visit: www.orchestrade.com.