Bricknode Introduces Cloud-Based Brokerage Utility

Bricknode, a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based platform catering to financial brokerage businesses, has launched Bricknode Broker, the group’s new Software as a Service (SaaS) solution for brokers and dealers.

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Bricknode Broker represents the group’s latest foray into cloud solutions, which helps financial venues stream their online brokerage systems. The impetus behind the new solution was a drive to help engineer an alternative to utilizing multiple software solutions order to launch an online brokerage service.

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Streamlined Interface

The new SaaS solution however helps mitigate high implementation costs and overheads, aiming to hasten the overall online brokerage process in a more cost-effective manner. More specifically, Bricknode Broker is comprised of a full suite of integrated user interfaces that cover a wide range of functionality, including back office, financial advisory techniques, and customer portal capabilities, among others.

Additionally, Bricknode Broker can see its scope expanded with multiple add-on applications via apps that can be accessed through the Bricknode Marketplace. The introduction of Bricknode Broker is important as it helps grant brokers and financial service providers new SaaS capabilities, including a cloud-based platform and ecosystem.

According to Stefan Willebrand, Chief Executive Officer and co-founder of Bricknode, in a statement on the launch: “We started out by creating a new operating system for the financial industry and now we are launching our first applications that are specialized for certain user groups like Bricknode Broker for brokerage firms.”

“During 2017 we are going to follow up with a launch of Bricknode Advisor for financial advisors and Bricknode Fund Manager for fund companies which can be used as a complete solution for managing and administer their funds and investors,” he added.