Liquidnet Taps AccessFintech for its Business Operations Centre Platform

AccessFintech has been selected by Liquidnet to help aggregate its exception activity. More specifically, the global Institutional Trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term network will be utilizing AccessFintech’s Business Operations Centre, which has proven popular amongst numerous venues in 2018.

AccessFintech recently secured series A funding from JPMorgan last month, helping boost and test its technology at scale. One of the group’s core products, the Business Operations Centre has been selected by Liquidnet to help shore up Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term capabilities. Liquidnet will look to benefit from the Business Operations Centre via its aggregation and management utility.

This includes the ability to monitor and profile risk across asset classes while also managing internal systems’ and external providers’ exceptions. AccessFintech’s service is designed to help support users in monitoring risk via a single visual dashboard, while also pointing out any exceptions in a streamlined manner.

Risk management in focus

Several companies have utilized AccessFintech for its Business Operations Centre, which has overall helped strengthened their respective risk management processes. Given the obvious depth and scale of the trade lifecycle across several systems, risk profiling has increasingly become a more difficult endeavor, which the platform has looked to reconcile.

By aggregating these systems, AccessFintech has worked to engineer a central point for risk and exception monitoring for its clients. AccessFintech founder Roy Saadon commented: “Liquidnet is renowned for creating exceptional and innovative technology products, and it is natural for a fast-moving organization to need to 'see' what is happening at any moment in time. The AccessFintech product enabled to centralize all the moving parts into a single coherent view. Liquidnet’s innovative thinking helped us understand the value of our own product through the diligent rollout process, adding significant value to our use case coverage.”

“AccessFintech provides us with real-time dashboards to monitor, track and escalate risks. We currently monitor various potential transaction risks and are able to route alerts to team members around the world. The tool allows us to quickly identify and remediate items requiring attention,” explained Michael Cetrangola, Head of Member Services, Liquidnet.