Religare Technova, a leading provider of software solutions to the global capital markets, and Marco Polo Capital Markets LLC, today announced a global strategic partnership with a view to developing a joint global footprint and product offering.
This partnership has been executed through the Religare Promoter Group's vehicle Religare Infotech Pty. Limited.
The globalisation of capital markets has been a key driver of the increase in cross border trading. The shift in asset allocation models towards emerging markets has led to rising demand from the buy and sell side for cross border trading, connectivity, risk management and support solutions.
New York headquartered Marco Polo is one of the leading global electronic trading network and brokerage platforms offering access to exchanges in over 70 countries. The Company has been the pioneer in providing FIX electronic trading to the emerging markets offering seamless access to all the principal emerging and most of the frontier markets. Marco Polo's "One Connection Zero Boundaries" solution provides financial institutions with a high performance platform to diverse execution options within individual markets. The platform encompasses all global markets, including US, Europe and Japan, and all exchange traded asset classes - equities, fixed income, derivatives and commodities.
Religare Technova specialises in solutions for the Global Trading community. The company's clearing and settlement solution, NOVA is a market leader in post trade processing and their Trading Platform - TradeAnywhere is a market leader in online and institutional trading. With connectivity to the Marco Polo network, Religare Technova will be able to offer financial institutions a comprehensive range of order execution, trading and settlement solutions.
Ralph Horne, Chief Executive of Religare Technova Global Solutions Pty Ltd., remarked, "The partnership with Marco Polo, allows Religare Technova to gain access to an extensive client footprint and service base for the deployment of Religare Technova products and services. It enhances our ability to provide Direct Market Access (DMA), electronic and cross border trading solutions to financial institcicial institutions trading into major and emerging capital markets. We look forward to building with Marco Polo one of the premier product and service solutions for brokers and asset managers around the world. The connectivity that the Marco Polo network offers will complement ideally our current trading and settlement solutions".
Vinode Ramgopal, CEO, Marco Polo stated, "This new relationship with Religare Technova is a strategic step in the expansion of Marco Polo. It provides Marco Polo with access to a deep technical resource base, a rapidly growing global product and service platform and an in-house partner for product development. Religare Enterprise and Religare Technova's ambition to be a leader in emerging markets investment banking and capital markets is a perfect complement for Marco Polo's ambition to be the leader for trading access to, from and between emerging markets".