Polaris Picks Up IndigoTX
Polaris Software Lab has announced its acquisition of IndigoTX.
Indigo develops the GO TX brokerage solution, delivered on a software-as-a-service (SaaS) basis.
GO TX runs on a grid platform and allows for trading in most asset classes. It provides an integrated front, middle and back-office platform, provided to customers in a turn-key system that allows for payment based on usage.
"Technology investments continue to be the major bottleneck for many brokerage houses that are nurturing big growth ambitions," says Arun Jain, founder, chairman and CEO at Polaris. "GO TX leverages modern technology of SaaS to offer trade based pricing. In effect, brokerage houses can move away from technology related concerns completely and enjoy the freedom of pay as you grow."
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