In other FinTech news, Polen Capital Management embraces the SaaS-based version of Charles River IMS, Broadridge invests in LiquidX and Risk Focus offers a free version of Validate.Trade
Speakerbus Expects Deal to Boost Growth
Speakerbus, a specialist provider of voice solutions, has signed an agreement with Westcon Group, a distributor of products and professional services for converged telecommunications solutions, to distribute Speakerbus’ offerings in the EMEA region, say Speakerbus officials.
The partnership is expected to help Speakerbus grow.
Speakerbus offers “advanced telephony, hoot ‘n’ holler and private line access solutions’ for traders that need real-time information-sharing with their colleagues and trading counterparties, officials say.
The new partnership allows Westcon clients to order directly from the Speakerbus portfolio of voice collaboration solutions and its channel partners.
“It’s a first for us, and is set to become an integral part of our ‘high-touch, channel-centric’ strategy,” says James Loeber, vice president, global channel partnerships at Speakerbus. “As we grow and create opportunities in new markets, we look forward to Weston helping to deliver our globally-proven software and hardware based voice collaboration solutions.”
Speakerbus is headquartered in the U.K. with offices across Europe, North America, Asia and the Middle East.
Westcon-Comstor (WestconGroup Inc.) is a value-added technology distributor of solutions in security, collaboration, networking and data center support. Westcon-Comstor has teams in 70 countries.
Polen Capital Live on the SaaS Version of Charles River IMS
Polen Capital Management (Polen Capital) has gone live with the software as a service (SaaS) version of the Charles River Investment Management Solution (Charles River IMS) for its mutual funds, institutional accounts and retail separately managed accounts, say Polen and vendor officials.
The equity management boutique, based in Boca Raton, Florida, is using a single enterprise solution for portfolio management, order management, advanced trade execution, and post-trade processing, with end-to-end compliance monitoring and integrated data, Charles River officials say. Polen Capital is also using Charles River’s data service for integrated real-time and daily reference data.
“With Charles River, we have elevated the technological infrastructure of our firm to best-of-breed across the board,” says Stan C. Moss, CEO, Polen Capital, in a prepared statement. “The advancement is in line with our strong philosophical belief in high quality in each and every thing we do. Structurally, this investment has increased our productivity, streamlined our portfolio compliance and risk monitoring, and enhanced our business continuity plan.”
Polen Capital, founded in 1979, is a global investment management firm that provides growth investment strategies to sophisticated clients around the world. The firm’s investment team oversees a global equities universe of high-quality growth companies and manages the flagship Focus Growth and Global Growth investment strategies.
Broadridge Invests In LiquidX
Broadridge Financial Solutions has made a strategic investment in LiquidX, Inc. (LiquidX), a new provider of an electronic exchange platform for global trade finance. Broadridge has also entered into a referral, sales and marketing alliance
LiquidX, founded by former TradeWeb CEO Jim Toffey, is “a unique exchange platform that brings significant liquidity and transparency to the historically difficult trading of corporate receivables by connecting sell-side and buy-side participants,” according to Broadridge. “LiquidX unlocks balance sheet capital from large corporations through its innovative technology-driven auction market.”
Through the alliance, Broadridge will provide access to LiquidX’s trade finance exchange platform for the nearly 2,000 corporations globally with which Broadridge has relationships, officials say. “The strategic collaboration with LiquidX will enable Broadridge to connect corporate treasury and finance professionals with the capital markets and trading desks of its large network of corporate, bank and asset management clients.”
LiquidX’s technology combined with Broadridge’s role in facilitating trading and settlement on behalf of its large global client network will provide significant value in addressing liquidity and execution issues within trade finance,” said Charlie Marchesani, president of Global Technology and Operations at Broadridge. “Our alliance with LiquidX is a strategic extension of our processing capabilities to a new emerging electronic asset class marketplace.”
Chris Perry, president of Global Sales, Marketing and Solutions at Broadridge, said: “Broadridge’s continued focus is on bringing revenue-generating, value-added solutions to our network of clients. Our unique business model enables us to serve as the intersection between corporate, buy-side and sell-side firms and work with LiquidX to bring needed liquidity to an illiquid asset class.”
LiquidX Inc. describes itself as is “the largest electronic marketplace for the exchange of trade finance assets,” open to all participants including large corporations, banks, asset managers, hedge funds, insurers and family offices to trade risk and to invest in the trade finance asset class.
Risk Focus Debuts Free Version of Validate.Trade
Risk Focus, Inc., a provider of regulatory trade reporting solutions, has unveiled Validate-on-demand, described as “a free, cloud-hosted, cut-down version of its flagship product Validate.Trade,” by the vendor.
“As a free service, Validate-on-demand allows firms that will benefit from trade reporting validation, but aren’t ready to commit to a commercial license, to evaluate Validate.Trade’s capabilities first hand,” said Brian Lynch, CEO of Risk Focus, in a statement.
Validate.Trade has been adopted by the DTCC and eight global banks for testing their trade reporting software and pre-validating trade reporting messages before submitting them to the DTCC Global Trade Repository, say vendor officials. The service is intended to help firms deliver and maintain compliance with EMIR, Dodd-Frank and other G20 regulatory demands, say DTCC officials. The service is at multiple points in the trade reporting lifecycle used to reduce risks and costs associated with regulatory reporting.
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