At Itiviti, a Broadridge business, we are unique in our forward-looking approach and ongoing investment in our OEMS. While other firms have cut back in this area, we continue to invest in innovative new features to greatly enhance the platform.
Itiviti’s OEMS is the only solution in the market that can simultaneously handle low-touch trading, program trading, high-touch trading and middle office workflows combined with low latency gateways and AI-enhanced processes for onboarding, testing and certification of clients, brokers, and venues. The platform also supports multi-asset, high-volume trading throughout the order lifecycle, all while meeting the ever-changing global regulatory requirements.
Specifically, firms can use the OEMS to connect to more than 200 trading venues, including all major exchanges, brokers and SI’s, combining lit and dark market access with IOI & crossing detection to source the best liquidity. Itiviti’s Order Routing Networks provide access to over 800 buy-side firms and an expanding network of more than 700 brokers. In addition, the time to onboard clients is significantly reduced enabling them to start capturing orders without delay using Itiviti’s AI-powered onboarding and testing tools.
Improvements for the Here and Now
While legacy vendors remain static in improving their systems, Itiviti has invested significantly in the OEMS with innovative, modern technology upgrades in the following key areas:
High-Touch and Low-Touch Trading
For high touch trading, key features have been significantly improved, such as composites, flow automation, position management, and trade reporting. Low touch performances, latency, as well as low touch order management flexibility have also been significantly strengthened. And the alerting system has been completely reconfigured to provide a customized, flexible level of notification of any event required by the user.
Last year Itiviti released a new Program Trading module that enables large sell-side institutions to electronically trade a basket of stocks simultaneously for index arbitrage, portfolio restructuring, or outright buy/sell interests.
An Improved Middle Office
Since technology stack consolidation is a key driver for many client decisions, Itiviti expanded the platform’s cross-asset Middle Office functionality to handle derivatives, while also improving the system’s automation, flexibility, and exception handling.
Automated Client Onboarding with AI
The partnership between Itiviti and Imandra, the world leader in cloud-scale automated reasoning, has helped transform a historically manual and time-consuming client certification process through automation. By integrating Imandra’s Core Reasoning engine into the platform’s FIX certification and onboarding process, counterparties can now be certified in hours rather than days, drastically reducing the time-to-market for handsfree onboarding and certification.
Trading Cryptocurrencies and Crypto Derivatives
Itiviti partners with crypto expert EQONEX to provide institutional investors with an integrated platform for digital assets trading.
Looking to the Future
Itiviti will continue to invest in its OEMS by further integrating the system with our automated trading technology to enhance workflow automation, thus helping clients to increase efficiency and cost effectiveness.