Buy-Side Technology Awards 2017: Best Broker-Supplied Tool/Technology—Neovest
Although Orem, Utah-headquartered Neovest is owned by JPMorgan, the platform itself is broker-neutral, having integrated over 360 brokers across more than 160 equities, futures and options venues to date.
This year, the firm has invested heavily in modernizing its technology backbone, ahead of a planned expansion into foreign exchange in 2018, according to CEO, Greg Cook. “We’ve made a number of improvements that allow us to more rapidly deploy updates to clients, decrease the footprint of our application, and allow greater flexibility in partnering with other technologies and systems,” he says. “Some specifics include investing in HTML5 and web services technologies, as well as utilizing the latest in cloud-based scalability.”
Other developments over the year, he says, include a suite of risk-management controls in the pre-trade space, and a multi-broker list-trading feature for its client base of hedge funds, asset managers, investment advisors and other institutions that have historically been strongly US based, but are increasingly stretching into Europe and Asia.
As such, the firm—and its clients—have not been immune to the pressures of the revised Markets in Financial Instruments Directive (Mifid II), set to come into force on January 3, 2018. Cook says that the platform is “fully prepared” for the new rules. “We also see Mifid II as an opportunity for Neovest to utilize our unique technology to help our clients better understand the performance of the venues with which they trade,” he says. “In addition, Neovest will be able to provide historical performance information and analyses to empower clients to make smarter trading decisions.”Looking ahead, in addition to the FX expansion, the firm will also roll out multi-broker pairs trading functionality, venue analysis, and continue to develop “advanced order and execution analytics tools,” he says. It is also keeping an eye on some of the more cutting-edge advancements in technology, along with its infrastructural capabilities. “We monitor emerging technologies closely,” Cook says. “In the last few years, machine learning and artificial intelligence have made great strides in their capabilities and the areas where they are utilized. However, the key to successful implementation is the data that empowers them. Neovest has invested in our own ticker plant and its advanced infrastructure, allowing us to utilize these technologies to better facilitate client decision-making.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won two categories in this year’s Waters Rankings: Best enterprise data management (EDM) system provider and Best reporting system provider, which is the subject of this interview.
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.