Genesis launches FX Prime Trade Capture application

By Pavithra R

Genesis, a global financial markets software company, in partnership with XP Investments, United States-based subsidiary of the Brazilian broker-dealer XP Investimentos, has announced the launch of FX Prime, a trade capture application developed for FX & rates trading desks with Prime Broker integration.

FX Prime is built on the Genesis Low-Code Application Platform and supports FX Option trade capture for single-leg trades and multi-leg strategies, as well as FX Spot, FX Swap, FX NDFs, FX Forwards, FX NDF Swaps, and Interest Rate Swaps deals. It also acts as a productivity tool that captures FX & Rates voice business and streams trade activity directly into the Prime Broker and simultaneously serves as a placeholder for books and records. 

The application combines standard internal processes with platform features such as new trade capture, amendments and cancellations, option expiry monitor and client trade confirmations to provide an end-to-end operating environment. It can also connect to external market platforms and sit on top or alongside existing internal systems.

“Throughout our partnership, Genesis has continually impressed us and delivered modern, high-performance applications quickly and efficiently. FX Prime is further evidence not only of how they understand our FX trading desk requirements, but can design, develop, and seamlessly integrate FX Prime with our existing technology stack in less than a month. Since launching our FX desk earlier this year, we have continued to expand our offering beyond FX products to include Interest Rate Swaps. This is one of the great advantages of the Genesis low-code platform. We have been able to proactively adapt to the changing market requirements and deploy at speed. This delivery capability has a direct impact on our ability to not only serve existing clients but also attract and win new business and Genesis is most definitely a strategic technology partner for us that adds tremendous value for the firm and our clients. We look forward to continuing to innovate and grow our franchise with Genesis,” said Eduardo Hargreaves, Head of FX and Rates Agency Desk at XP Investments.

Genesis LCAP essentially democratizes product design, empowering XP Investments’ business teams to design and enhance applications, optimizing the time and cost required for in-house developers to write code.

“We are immensely proud of our partnership with XP Investments and delighted to deliver yet another sophisticated application built on the Genesis Low-Code Application Platform. Every investment firm is under pressure not only to optimize their operating processes but also to deploy new products and services to clients that are demanding innovation and digital capabilities. This is exactly what our LCAP platform is designed to deliver, and we are delighted to be playing our part as XP Investments serves its clients across North America, Latin America. We can’t wait to see FX Prime put through its paces and to continue working with XP Investments on their forthcoming innovations,” said Stephen Murphy, Chief Executive Officer of Genesis.