“Getting the trade done is only half the story, however. Then there’s the post-trade process. Theorem Technologies, a Chicago-based company launched in October 2017, offers a suite of cloud-based tools to streamline and automate several key middle-office and back-office processes. The software was originally built by Thalēs Trading Solutions, an introducing broker set up by several former Newedge executives, for internal use with its clients. The software turned out to be so popular that Thalēs spun off the business unit into a separate company. Theorem’s software covers reporting, analytics, trade flow, automation, reconciliation, aggregation, data transformation, and straight-through processing. It can consolidate futures, foreign exchange, and other trading data across multiple counterparties, helping even small end-users manage a multi-broker environment without significant incremental cost per broker. That fits in well with an industry-wide trend toward using more brokers to execute trades and an increased regulatory focus on accurate reconciliation of fees and trade records.”
Read the full story here – https://marketvoice.fia.org/issues/2017-12/bringing-innovation-to-the-derivatives-industry
