Matrix Applications launch DV Securities on QTIX platform

Matrix Applications, a New York-based finance technology service bureau, announces the launch of DV Securities onto its QTIX platform.

The platform is a securities finance solution for brokers, dealers, asset managers and banks in fixed income capital markets. It is engineered to deliver exceptional performance for organisations, with functions including front-office trade entry, settlement and clearance, reporting and accounting.

Eric Carlino, executive vice president of fixed income at DV Securities, says: "We executed our first trades as a Tier-1 netting member of FICC's Government Securities Division (GSD). Throughout the lengthy regulatory and clearing bank approval processes, the staff at Matrix Applications showed their professionalism, personal attention and focus on helping DV Securities achieve this milestone."

Stephen Mellert, managing director for Matrix Applications, adds: "DV is able to achieve straight-through-processing from brokers down to DV's clearing agent and GSD account at FICC. And the managed services team lets DV focus on what they do best, trading.”