Linedata offers post-trade alternative to the buy-side
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Linedata offers post-trade alternative to the buy-side 08 July 2013Paris Reporter: Georgina Lavers
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Linedata and Alpha Omega Financial Systems have teamed up with the aim of providing buy-side clients with another alternative to support their post-trade processing requirements.
As a result of this partnership, FIXAffirm will be integrated with Linedata Longview, enabling clients to achieve STP between front-, middle- and back-offices.
FIXAffirm is a FIX protocol based post-trade processing platform for domestic and international equities, ETFs and fixed income.
It aims to immediately correct errors and confirm trades by directly connecting counterparties through established FIX networks.
The solution can also co-exist with other post-trade solutions; reducing the risk of single vendor failure.
“Given the momentum in the industry towards FIX post-trade, this integrated solution provides Linedata’s clients with immediate access to FIXAffirm at zero implementation cost,” said Kamal Duggirala, CEO of Alpha Omega.
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