Boost Efficiency with our Wealth Management Suite- Genesis Global

THE CHALLENGE

Major US bank needed trading desk tool

Our client is a Miami-based bank providing financial solutions to institutional investors and high-net-worth clientele.

It sought to grow its wealth management business but struggled to provide bond and equity trading services. Its advisors were using email and phone for orders, which was slow and not scalable.

Using Wealth Management Suite (WMS), we helped the bank achieve efficient communication, workflow, and order transfer.

THE SOLUTION

Modernized workflow and data transfer

WMS provided streamlined interactions between client managers and traders at the firm.

Integrations to Bloomberg TOMS and the digital workflow and data handling also reduced errors and risks when quoting and placing orders.

With WMS our client can deliver faster prices and trade execution to customers. They serve more clients without having to increase the size of their team.

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The Benefits

Smooth, automated operations

WMS streamlines communication and workflows.
For bond trades, advisors submit RFQs, traders respond with prices, and WMS manages the acceptance or rejection process.

For stock trades, advisors enter requests, and traders review and send orders to the market. WMS also handles order confirmations and client notifications, integrating with Bloomberg TOMS for bond settlements.

Integrate and digitalize for accuracy

Our technology-neutral approach enabled straightforward integration with Bloomberg TOMS and FIX messaging
This integration also reduces errors and risks involved in quoting and placing orders.
With time, other banks’ wealth management arms will also need to modernize and automate the workflow and data transfer between advisors and traders.

Experienced, capable and fast

To develop the core WMS application, Genesis drew on prior experience, familiarity with advisor-trader workflows, and knowledge of different models for wealth management client trading.
Our tech allowed us to adapt the tool to this client’s use case, leveraging its various technical components including consolidator, data server, event handler, request server, streamer (client), and authorization.

WMS DEEP DIVE