23 June 2018
Register for the webinar today

AFA connects Impact Pro OMS to Goldman's REDIPlus

17 December 2007  |  1703 views  |  0 Source: Advanced Financial Applications

Advanced Financial Applications (AFA), a leading provider of trading technologies to buy and sell side financial organizations, today announced that it has integrated the IMPACT Pro OMS platform with Goldman Sachs' electronic trading platform, REDIPlus.

Under the terms of the agreement, AFA will provide multi-prime broker order management services to clients who trade using the REDIPlus execution management system (EMS). AFA's IMPACT Pro facilitates the allocation of trades to multiple prime brokers, manages intra-day profit and loss, and aggregates positions with various prime brokers in a neutral configuration.

Unlike heavy legacy systems, AFA's neutral OMS allows users to better manage their trade workflow by working with their execution management system in a cost-effective, easily deployable, web-based manner, unlocking cost and labor constraints.

Said Pat Lynch, AFA's CEO: "We recognize that today's institutions demand flexible EMS and OMS capability. An integrated offering of REDIPlus and IMPACT Pro's order management solution will bring together robust trade execution capabilities with neutral order management functionality - which is increasingly required by clients. This also validates what we at AFA believe to be an increasing need in the marketplace for a hosted neutral order management application that can easily integrate with clients' execution management systems, and in the process reduce the cost of ownership for both prime brokers and their clients."

Adam Mazur, Head of Global Connectivity at Goldman Sachs, echoed Lynch's comments, stating "The integration reinforces Goldman Sachs' commitment to an open, multi-broker electronic offering, and is an example of the partnerships available through the recently launched Signature Program." The Goldman Sachs Signature Program allows clients to optimize electronic trading through a consolidated network of service providers; AFA is a Signature Provider in this program.

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Goldman Sachs

Related blogs

Create a blog about this story (membership required)
Visit https://info.nice.com/Visit https://secure.vasco.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
26365 views comments | 7 tweets | 8 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
9203 views comments | 10 tweets | 18 linkedin
BIS: Cryptocurrencies are an environmental disaster that could break the InternetBIS: Cryptocurrencies are an environmental...
8556 views comments | 18 tweets | 23 linkedin
hands typing furiouslyArtificial Intelligence at the changing fa...
7309 views 0 | 10 tweets | 5 linkedin
Visa says 5.2m payments failed during 10 hour outageVisa says 5.2m payments failed during 10 h...
6372 views comments | 14 tweets | 10 linkedin

Featured job

Find your next job