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BTON Financial, genesis partner to automate asset management trading

BTON Financial and genesis have announced a partnership to automate trading workflows for asset managers, in order to drive greater trading performance and front office transformation.

BTON Financial, an independent outsourced dealing desk for asset managers, selected genesis and its Low Code Application Platform for capital markets due to its market expertise and the ability to create solutions without having to write substantial lines of code.

The solutions will then be developed and deployed faster so that asset managers can implement trading strategies without being undermined by poor execution quality as a result of inadequate legacy technology, the two companies said.

Dan Shepherd, CEO of BTON Financial, said: “By harnessing the genesis low code platform and its modular and agile development approach we can respond and adapt to market developments at speed. This is in stark contrast to legacy systems that often require whole platforms to be re-engineered. We very much look forward to continuing our collaboration with genesis and bringing new, innovative solutions to the asset management industry.”

He added: “The FinTech ecosystem is now becoming more essential in helping firms manage their business continuity plans by automating more procedures, which is where our collaboration with genesis will bring immediate benefits in the current climate.”

BTON’s Smart Broker Router has built on the genesis platform to support asset managers in taking advantage of the emerging liquidity and execution opportunities and improve trading performance automatically by selecting the most appropriate broker with the most appropriate execution algorithm, while at the same time ensuring full regulatory compliance.

The BTON Smart Broker Router is fully integrated with the other genesis trading solutions built on the platform, allowing orders to flow securely from the Smart Broker Router through to the receiving broker and into the trading workflow in real-time.

James Harrison, Chief Operating Officer of genesis, said: “The machine learning-driven Smart Broker Router is unique to the market and has been built using the genesis Low Code Application Platform. This powerful combination has allowed us to maximise the very latest in technology to fully optimise an asset manager’s trading performance while minimising costs. We look forward to a long-lasting relationship.”

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