Elixium imbues post-trade connectivity with Pirum 14 November 2016London Reporter: Drew Nicol
Image: Shutterstock
Recently launched trading platform Elixium and Pirum Systems are collaborating to provide post-trade connectivity to their clients.
The partnership seeks to take advantage of the regulatory-driven rise in central clearing and the increasing demand for automated connectivity to post-trade services.
According to Elixium, its clients will be able to manage the complete post-trade lifecycle, including trade booking and connectivity to triparty agents and central counterparties.
Pirum Systems will provide Elixium with a centralised post-trade automation system and link participants with a range of post-trade infrastructure providers.
Ben Challice, COO at Pirum, said: “We are excited to be working with Elixium’s innovative trading marketplace. Market connectivity and trade lifecycle management is core to Pirum’s product offering. Our ability to streamline the post-trade process from transacting on Elixium will enable growth of liquidity on their marketplace.”
Roberto Verrillo, head of markets and strategy at Elixium, added: "Pirum’s straight-through processing post-trade services are an impressive solution to help our clients to manage the lifecycle of trades done on the Elixium marketplace. We are looking forward to working with Pirum Systems."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 