Public equities firm creates own use case with the Genesis Application Platform

Client Challenge

Our client is the public equities arm of one of the largest independent financial advisory groups in the world. It offers equity research, trade execution and capital markets services, including IPOs, private placements and block trades.

Facilitating client trades presents operational and financial risks. Our client’s middle-office and risk teams struggled to monitor client trading activity and credit limits without risking the broker’s capital.

The broker needed a tool to help monitor client orders and market exposure, and track client utilization of credit limits.

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The Solution

After purchasing our platform back in 2018, our client used the technology to create its in-house risk exposure solution.

Our experience underpinning the platform made it fit-for-purpose and easily adaptable for the client.

In 2020, Genesis brought the solution into our technology environment to help further enhance the application’s security and the broker’s work.

Highlights

Our client was able to leverage Genesis’ industry expertise, detailed planning, and seamless execution throughout.

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First platform client

This was Genesis’s very first client back in 2018. Its successful creation of a proprietary application validated our vision and was testament to the platform’s power and versatility.

Effective updates

Genesis has since helped update its solution, suggesting multiple ways to improve the system architecture and refactor the code to boost the tool’s performance and scalability.

Hybrid development partnership

We had a robust relationship with our client from the get-go and developed a hybrid working model with both in-house and Genesis developers working together on the project, with knowledge transfers back and forth

The Benefits

Vital tool across multiple business functions

The solution monitors risk exposure from client trading, enabling proactive risk management, preventing credit limit breaches and facilitating prompt remedial actions for reduced financial risk.

Improved speed to market

Low-cost, low-effort, time-saving tool means our client can grow the business and deliver innovative applications to its traders—fast.

Platform-driven functionality

The solution integrates with Fidessa, Omgeo, and the client’s internal databases. This complex system features configurable alerts and calculators/processors to monitor metrics like credit limits.