Selftrade selects xanite 03 December 2012London Reporter: Mark Dugdale
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Execution-only broker Selftrade is implementing the peterevans xanite platform to deliver STP efficiency and enhanced functionality to its back office.
The platform is a modular SaaS solution that will outsource Selftrade’s processing and service delivery of the back office to peterevans. It connects to the Selftrade infrastructure via an application programming interface, allowing the broker to design its own front end for clients.
The SaaS structure of xanite means that the platform offers extensive functionality at a reduced cost, according to peterevans. It also has a flexible cost structure that delivers savings, and it is scalable to suit the needs of a business.
Alexandre Baumeister, deputy CEO at Selftrade, said: “The xanite platform will provide us with support for future growth, while still offering us the flexibility to tailor the platform to our customers’ needs.”
Mike Foley, managing director at peterevans, added: “For an ambitious and expanding stockbroker, taking control of costs and being able to continue to grow the business is an imperative in the current market. Technological innovation has always been a commercial imperative for peterevans, and we will help Selftrade achieve its development goals without incurring significant costs or increasing risk.”
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