BidFX, TradingScreen’s FX Execution Management System (EMS) platform, has partnered with Orchestrade Financial Systems to modernize its technology backbone for trading operations.
BidFX has integrated Orchestrade’s core portfolio management and risk system which allows the newly spun-off platform to benefit from robust firm-wide controls and processes, as well as improved efficiency throughout its operations. In addition, the solution provides BidFX with a real-time view of risk along with one centralized hub for all portfolio management and compliance activities.
Orchestrade delivers a rapidly deployed cross-asset solution for all sales, trading, risk, and functions. As a result, asset managers can now benefit from combining their respective expertise and products in the order and execution management system space.
Specifically, the integration secures a seamless communication and connectivity between BidFX’s Execution Management System (EMS) and Orchestrade’s Portfolio Management Service (PMS).
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After five years operating as a division of TradingScreen, BidFX has emerged in 2017 as a standalone business focused on delivering a workflow solution for FX. The solution allows FX traders to access a neutral FX EMS that can source liquidity and deliver on best execution requirements all from the same screen or API.
TradingScreen Inc, (TS) a provider of multi-asset electronic trading solutions, has announced a number of technology partnerships over the last 12 months.
Commenting on the partnership, Jean-Philippe Male, BidFX’s CEO, said: “We are very happy to announce our strategic integration with Orchestrade, one of the leading cross-asset portfolio management platforms in the marketplace today. At BidFX we are continually driven by our clients’ needs and desire to sit at the forefront of eFX trading and workflow. This partnership enables BidFX clients to quickly deploy a true end-to-end FX solution.”
“Our mission is to provide the fastest time and value to market in the capital market industry by offering a scalable platform that is pre-configured with major market standard data and services providers such as BidFX,” added Gordon Chan, Orchestrade’s Vice President Marketing.