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-to-Back-Office Integration Solution in the 2021 FTF News Technology Innovation Awards. This award spotlights the solution offering that helps facilitate more efficient integration between middle- and back-office applications, 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 honored to receive this important recognition from FTF News and are grateful for the support of our diverse client base for their continued support and recognition,” said Gordon Chan, VP, Orchestrade.
“As we celebrate the Tenth Anniversary of the FTF Awards and the 15th Anniversary of FTF, it has proven to be one of the most competitive to date. Not only did we get more than 220 nominations, but we also had a staggering number of voters from the industry—20,000+,” said Maureen Lowe, founder and president, FTF and FTF News.”
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 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 continues to innovate by improving efficiency and performance, and deploying a modern, functionally-rich, event based platform with intuitive, user-friendly tools,” said Denny Dewnarain, Head of Product Strategy, Orchestrade. “Our technology delivers high-performance trading and risk for cloud or on-premise delivery, bringing real time business events and trade lifestyle to our customers and clarity across all data end-to-end.”
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, including 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.