Paris-based Linedata and California-based Alpha Omega Financial Systems, provider of FIX Protocol-based post-trade software, have agreed to integrate Alpha Omega’s FIXAffirm post-trade processing platform with the Linedata Longview order management system.
By directly connecting counterparties through established FIX networks, FIXAffirm allows any errors to be corrected immediately and trades to be confirmed and affirmed on trade date. It covers post-trade processing for domestic and international equities, ETFs and fixed income securities.
"We are very excited about the partnership with Linedata and the opportunity to provide integrated trading and post-trade solutions for investment managers globally using advanced FIX-based technology," says Alpha Omega CEO Kamal Duggirala. "Given the momentum in the industry towards FIX post-trade, this integrated solution provides Linedata's clients with immediate access to FIXAffirm at zero implementation cost."
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails