Glue42, Leading Point Financial Markets partner on front office

By Robin Amlot

Glue42 and Leading Point Financial Markets are collaborating to develop a next-generation trading desktop experience. As part of the partnership, Leading Point Financial Markets will help organisations define the best vendor strategy and ecosystem architecture. Glue42 will provide the underlying integration platform to deliver seamless user journeys and configurable workflows.

“Together, we will provide a unique mix of world-class implementation services and software,” said Dishang Patel, Partner, Leading Point Financial Markets. “In the short term, traders will gain unparalleled speed of visibility across applications so they can focus on generating alpha. In the longer run, firms will need to purchase and maintain less hardware, which will vastly improve the environmental impact and making it easier to meet their ESG policy.”

The aim is to allow IT teams to selectively replace or augment legacy systems, simplifying and automating complex processes, making for a leaner, system-agnostic and agile desktop. Front office teams will be able to interact with multiple systems and data sources directly from their financial desktops using the best functionality of each application. Claiming as much as 90% fewer clicks for basic tasks; traders, the two firms claim, may execute faster and generate 20% more alpha on average for their clients.

“The perfect storm of the post-Covid world and the evolving ‘interop’ innovation has created a period of reflection for many firms. For many organisations, the digital transformation was prematurely accelerated and the need for greater efficiency and process optimisation is now stronger than ever,” said James Wooster, COO, Glue42.

Glue42 is based in London, New York and Bulgaria. With over 24,000 licences, its solutions are deployed at tier one financial institutions across the world.