BTON Financial, an independent outsourced dealing desk for asset managers and genesis, the low code application platform for capital markets, have joined forces to automate trading workflows and drive greater front office transformation for the buyside.
One of the main aims, according to Dan Shepherd, CEO of BTON Financial, is to improve trading performance. We have worked with genesis for a while and we believe that by harnessing its low code platform and modular and agile development approach we can respond and adapt to market developments at speed. This is in stark contrast to legacy systems that often require whole platforms to be re-engineered.”
He adds, “We sit well together as part of the new fintech ecosystem, which is more essential than ever given the current environment, in filling the gaps with technology and helping firms manage their business continuity plans by automating more procedures.”
The partnership enables BTON Financial to create new solutions quickly without having to use substantial lines of code via the genesis platform. The firm built its smart broker router on the platform, and it is fully integrated with other genesis trading services to allow orders to flow securely from the smart broker router to the receiving broker in real-time.
The Smart Broker Router improves trading performance automatically by selecting the most appropriate broker with the most suitable execution algorithm, while simultaneously ensuring full regulatory compliance.
According to James Harrison, Chief Operating Officer of genesis, “the machine learning driven smart broker router is unique to the market and has been built using the genesis Low Code Application Platform. This powerful combination has allowed us to maximise the very latest in technology to fully optimise an asset managers’ trading performance while minimising costs,” James Harrison, chief operating officer at genesis, added.
Based in the UK, BTON offers outsourced dealing desk infrastructure as well as provides enhanced liquidity to brokers, ensuring compliance with MiFID II best execution, trade and transaction reporting requirements.
genesis, on the other hand, is known for its low code application platform for capital markets to companies ranging from buyside, sellside, and execution venues.