Matrix Application has announced an update to its QTIX trade lifecycle and collateral management system, which has been rebranded as ‘Elevate’.
Elevate is a fixed-income and equities securities lending platform that offers a cohesive front-to-back office solution for institutional post-trade processing.
The New York-based fintech service has been developing Next Generation deployments over the past year, with the aim to improve user experience and create an adaptable micro-services architecture.
The redesigned system Elevate will be released in Q4 2022 and will feature an “appealing user interface, enhanced functionality, streamlined workflows and back-end modernisation for extreme efficiency”, according to Matrix.
Speaking on the announcement, James Tabacchi, president and chief executive officer at Matrix Applications, comments: “The Elevate rebrand reaffirms Matrix’s commitment to continuously improve our software and services for our customers.”
Stephen Mellert, managing director at Matrix Applications, adds: “Elevate offers an improved user experience. From static data, trade entry, position management and operations, all the way down to settlement and matching, credit, accounting, auditing and reporting, Elevate enables our clients to navigate the trade lifecycle better and faster.”
