Subscribe to Itiviti Talks

Case study: Redburn leverages UL BRIDGE for FIX onboarding

August 29, 2018
Share:

Redburn is Europe’s largest independent equities broker, providing institutional investors with equity research and agency execution across European and US equity markets. As an evolving business it is essential that it is able to provide a high level of service to its clients – particularly when it comes to connectivity and onboarding.

Covering such a wide range of clients means that Redburn often has to deal with unusual use of FIX messaging, or very specific requirements in terms of onboarding. Although these are often minor elements of the protocol, being able to handle these requests in a timely manner can be the difference between securing a new client or missing out on business. While clients may accept limitations from smaller or regional brokers, Redburn is often competing against large investment banks that have far greater resources to manage and customize client interfaces. By 2015, Redburn had thus reached a point where it needed a solution to handle these requests in a more efficient manner.

Any requirement of this nature represents a choice of build versus buy. For Redburn, this was a simple choice. The firm’s philosophy has always been that if it was going to do something, it would need to be the best at it. With Redburn’s expertise being in research and execution, not software, it was clear that a specialist vendor was the way forward. This case study highlights how Itiviti and UL BRIDGE were able to meet Redburn’s needs by providing a highly flexible, reliable, compliant connectivity solution to facilitate the onboarding process and create added value for Redburn’s business.

Download the case study

Related Content

Why infrastructure testing is critical to your trading business

Why infrastructure testing is critical to your trading business

FIX Infrastructure End-to-end testing of trading infrastructure is critical in today’s increasingly heavily regulated environment – but compliance comes at a price. So why should financial firms pay it, and what happens if they don’t? In our second blog post on the topic, we explore the most pressing reasons to implement a robust testing mechanism. The most […] September 11, 2018

Trading infrastructure testing and why it’s important

Trading infrastructure testing and why it’s important

FIX Infrastructure As trading processes become ever more sophisticated and regulators race to catch up, the end-to-end testing of trading infrastructure is an increasingly crucial component of compliance. Financial services firms face severe penalties for trading errors – including fines, loss of reputation, potential bankruptcy and even personal repercussions for senior executives. The cost of failure is […] August 21, 2018

The Itiviti perspective on current trends in QA

The Itiviti perspective on current trends in QA

FIX Infrastructure The financial industry is constantly evolving, driven by a mix of new business and regulatory requirements. The implementation of the Markets in Financial Instruments Directive (MiFID) II in Europe, for instance, is spurring a tectonic technology transition. With these rapid changes in the industry and the rising cost of errors in production systems, the quality […] July 5, 2018

The evolution of enterprise testing

The evolution of enterprise testing

FIX Infrastructure Testing in the financial industry is changing, both as a consequence of new regulatory requirements and in response to changing perceptions of the value it generates. In this video, Pawan Sharma – VP Global Services at Itiviti – delves into the factors that have driven the evolution of testing practices and the key challenges that […] June 19, 2018

Itiviti Talks

Itiviti Talks is your source for the technology perspective on the global capital markets. We have created this to be an engaging forum for sharing ideas with our clients, partners and other industry professionals. You will find videos, blog posts, white papers and more that deal with the needs and challenges of brokers, market makers and trading executives.
 
Watch, read and enjoy for new inspiration and insights.

By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.

Itiviti Talks

Get our view on global capital markets

Subscribe

Subscription successful

Thank you for subscribing!

Close window

Itiviti Talks

Get our view on global capital markets

Weekly email

    Trends in global capital markets from a technology perspective.

By submitting this form, you acknowledge that data collected by us will be handled in accordance with our Privacy Notice.