Waters Rankings 2020: Best Clearing House—Apex Clearing
Apex Clearing has claimed the best clearing house award at this year’s Waters Rankings. While Apex famously helped Robinhood launch, tapping Apex’s infrastructure to clear trades, the company has made inroads with both innovative startups, and registered investment advisers (RIAs), broker-dealers, and digital advisors. In total, the company has about 200 custodial clients.
The cloud-based platform fights against closed platforms, which Dustin Kirkland, Apex’s chief product officer, says, “attempt to own the end customer and control the intermediary. They dictate versus facilitate, with legacy systems built on legacy technology driven by legacy thinking.” Apex’s open API system allows it to work with a multitude of tech companies and end users.
Additionally, the company offers a full-stack business solution that connects the front-, middle-, and back-office environments through its Apex Extend offering. The offering makes its wealth-tech solutions available to a wider customer base, including brokerages, RIAs, asset managers, credit unions, community banks, fledgling start-ups, and non-financial firms looking to offer investment capabilities to their client base. Its solutions cover options, futures, digital securities, and cryptocurrencies; fully paid stock lending; margin and portfolio margin loans; and turnkey robo-advisor and financial planning modules.
Earlier this year, Apex announced the ability to open multiple accounts at once via the Accounts API as part of the launch of the Apex 20a Platform, the first implementation of its newly established product development launch cycles.
“Improvements and expansions to this capability will continue to be included in future cycles as part of our commitment to ongoing development of our technology,” Kirkland says. “This enables us to nimbly establish new operational frameworks for clients, providing greater transparency across technology changes, as well as a more consistent, reliable, and predictable schedule for backend updates.”
In June 2020, Apex Clearing also launched Apex Extend, a new turnkey platform with highly configurable front- and middle-office functions that enables any provider to quickly create, launch and run an investing app or advisory platform using Apex’s back-office capabilities.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest