On Tuesday, Virtu Financial and Limina, a cloud investment management solution, announced strategic cooperation focusing on the Virtu’s Tractops platform.
This partnership aims to provide a fully integrated workflow from front to back.
The Virtu’s Trashops is designed to automate the workflow after trade, including the allocation matching and settlements, with the aim of significantly reducing the settlement delay and financial penalties for Buyside companies.
The company said that, through merged with Limina-IGICAL Management and Portfolio Management (O/PMS), cooperation with smooth and effective operations.
The coalition has already welcomed the first subscriber, Cliens, who is now benefiting from the capabilities of Virtu’s Traskops through the Limina platform.
PEGAH ESMAEILI, head of the Nordic region in Virtu, stated that this integration supports his mission to provide developed trading solutions.
Prem Balasubramanian, head of the Virtu’s Tractops platform, emphasized on the time in time for this cooperation, especially given the recent transformations of T+1 and immigration from Swift MT to MX, which presented new operating challenges to Buyside companies.
Kristoffer fürst, CEO of Limina, added that the partnership enhances the capacity of the request management system in Limina.