Itau Securities live with OpenLink trade management platform

Itau Securities has deployed the platform to service its New York offices, strengthening trade-order processing, allocation and confirmation activities.

This global implementation project, addressing developed and emerging markets, was a collaborative effort involving members of OpenLink's and Itau Securities' New York and Sao Paulo offices. Itau's system infrastructure will be based in Brazil, and the functionality will be delivered to users' desktops via web browsers.

"This implementation marks the first broker-dealer deployment of Findur, and the success of the initiative is a testament to the flexibility of the Findur product" said, Kevin Hesselbirg, OpenLink's COO. "Itau knew what they wanted, specified the business requirements, and turned it over to our product experts to deliver a solution that was directly aligned with the business requirements. Building on this success, we look forward to introducing the Findur product to a broader range of capital markets players."

Goncalo Fernandes, Head of Operations, stated, "Findur has delivered functionality that will enhance our operations across the Americas. OpenLink worked closely with our team to ensure that the project was delivered to our unique specifications, across many areas of operations. We look forward to a continued partnership with OpenLink and to the significant enhancements to our trading program that this implementation offers."

Findur can trade across asset classes - from the simplest securities to highly structured derivatives - and supports the full processing of trades from front to back office. This gives OpenLink the ability to service organizations globally across the securities industry using a single system that can be tailored according to client needs.