Itiviti, the leading global provider of multi-asset trading technology and financial infrastructure, today announced that Redburn, Europe’s largest independent equities broker, has successfully implemented UL Bridge, Itiviti’s modular and scalable connectivity and order routing platform, together with UL Iris, a comprehensive pre-trade risk management solution.
Redburn now has a connectivity solution that augments its Order Management System (OMS) and handles custom FIX messaging in an efficient manner. As a result, Redburn’s agility in making enhancements has significantly improved – the UL Bridge solution provides a customization layer where order and other message transformations can be quickly implemented, tested and deployed on a per customer basis, independent of the OMS. No modifications to the OMS or other systems were required as part of the deployment.
UL Bridge and its modules for monitoring, drill down and exception handling of messages and pre-trade risk management have allowed Redburn to address a range of issues, including implementation of compliance measures for the new MiFID II regulations quickly and cleanly. With the addition of the UL Iris…
