BTON, genesis Partner to Automate Trading Workflow

BTON Financial, an outsourced dealing desk, and genesis, the low-code application platform, to the financial services industry, joined hands to automate trading workflows, thus driving trading performances.

Announced on Wednesday, the two companies are aiming to drive front office transformation, bringing together the technologies of both for specific projects.

One of these projects is BTON Financial’s Smart Broker Router, which has been built on the genesis low code application platform, enabling asset managers to take advantage of market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term opportunities.

Commenting on the collaboration, James Harrison, chief operating officer of genesis, said: “We are very excited to partner with BTON Financial. 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 maximize the very latest in technology to fully optimize an asset managers’ trading performance while minimizing costs. We look forward to a long-lasting relationship.”

Combining the technologies of the two

Based in the United Kingdom, BTON offers outsourced dealing desk infrastructure and also 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 buy-side, sell-side, and execution venues.

“We’re delighted to partner with genesis for the benefit of the asset management industry. By harnessing the genesis low code platform and its modular & 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. We very much look forward to continuing our collaboration with genesis and bringing new, innovative solutions to the asset management industry,” Dan Shepherd, CEO of BTON Financial, added.

“The FinTech ecosystem is now becoming more essential in helping firms manage their business continuity plans by automating more procedures, which is where our collaboration with genesis will bring immediate benefits in the current climate.”