Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Edelweiss Securities Limited (ESL), India’sleading brokerage firm has successfully deployed Itiviti’s client connectivity and high touch trading solution to support its algorithmic trading business. ESL made the decision to replace their existing system with Itiviti’s best in class modular solution to better capitalize on trading opportunities in India’s dynamic, fast-growing markets.
By leveraging the Itiviti OMS and connectivity solutions, ESL’s trading desk can efficiently execute trades and manage order flows on all Indian exchanges. Itiviti’s technology, seamlessly integrated with ESL’s existing applications and infrastructure, provides a highly scalable trading platform with multi-asset, multi-protocol and multi-market capabilities; the solution enables the firm to expand its reach to additional exchanges and support future growth. Martech
“Itiviti’s technology provides the reach, performance and scalability we looked for,” commented Gautam Shroff, Senior Vice President & Head – Sales Trading, Edelweiss Securities Limited. “The solution enhances our overall order management and onboarding capabilities via FIX or non-FIX protocols. The Itiviti system also enables our traders to efficiently execute trades manually, through DMA or algorithmic models as needed. It is important for Edelweiss Securities to work with leading technology vendors like Itiviti and leverage their robust technology to gain an edge in the market, and to offer the best services for our clients.”
“Itiviti has a strong commitment to the Asia Pacific region; from Japan in the north to China and India we see an increasing demand for our leading trading and financial infrastructure solutions,” said Ofir Gefen, President APAC, Itiviti. “We are proud to be the solution of choice for Edelweiss Securities. India is a key market for Itiviti in Asia and Edelweiss is an important player in that market. Edelweiss choice is a strong testament to the quality of our brand and our innovative solutions.”
About Edelweiss Financial Services
The Edelweiss Group is one of India’s leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Wholesale & Retail Mortgages, SME and Business Loans, Agri and Rural Finance, Structured Collateralised Credit and Distressed Credit), Franchise & Advisory Business (Wealth Management, Asset Management and Capital Markets) and Insurance (life and general insurance). Edelweiss has an asset base of ~INR 55,100 crores with revenue of INR 8,623 crores and PAT of INR 890 crores for FY18. Its consistent performance is evidenced by a consolidated PAT CAGR of 38% over last 28 quarters.
The group’s research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets. It serves around 12 lac strong client base through 10,052 employees based out of 448 offices. Together with strong network of Sub-Brokers and Authorized Persons, Edelweiss group has presence across all major cities in India
About Edelweiss Securities
Edelweiss Securities is a market leader in the Institutional Broking space with a ~5% market share in Equity Broking and a ~7.5% market share in stock futures broking. Its client base includes large pension funds, long only funds, ETFs and hedge funds. Over the years it has attained a market leadership in the derivatives segment and has one of the largest IPO distribution capabilities in the industry. It is a pioneer and leader in alternative/quantitative research and has strong block deal execution capabilities, with a ~30% YoY increase in block market share. With 650+ domestic and global funds services, it has unmatched coverage across client segments serviced through a technology led platform, largely developed in-house. Edelweiss has the deepest and most differentiated fundamental research coverage with ~250 stocks covered across sectors, spanning over 80% of the Indian market cap and extensive corporate access through roadshows in Mumbai, Hong Kong, Singapore, London and New York. It ranked number 1 in “Roadshows” category, Asia money Polls 2015 and was named Best Broker by Finance Asia in 2016, 2017 and 2018. It has strong risk management practices with an experienced in-house dedicated team to monitor trading limits and other risks. Edelweiss is one of the non-bank brokers to have a Prime Broking platform – a one stop shop for FPIs, AIFs, PMS funds and the only broker to have an FX arm with advisory and broking, with more than 300 client relationships.
About Itiviti
Itiviti is a market-leading global provider of multi-asset trading technology and financial infrastructure solutions for buy-side and sell-side market participants, including NYFIX, one of the industry’s largest FIX-based trading communities.
Serving around 2000 clients worldwide, we provide consistent, reliable access to the most up-to-date and innovative order routing, connectivity and trading solutions available. Top-tier trading firms, banks, brokers, exchanges and institutional investors rely on our technology, solutions and expertise to streamline their daily operations, connect to their desired markets, and trade when and where they want. All while being able to comply with global regulation.
With global offices in 18 locations covering all major financial centers the merger of Itiviti and ULLINK in March 2018 created a full-service technology and infrastructure provider, covering all asset classes, geographies and regulatory landscapes.