Virtu Financial, Inc. announced a strategic collaboration with Limina, a provider of cloud-native Investment Management Solutions, centered around Virtu’s TradeOPS platform. TradeOPS is designed to streamline and consolidate clients' matching, settlements, and payment requirements, automating post-trade workflows.
This collaboration enables buy-side firms to access a fully-integrated, front-to-back workflow by combining TradeOPS with Limina’s Order and Portfolio Management System. The partnership has already welcomed its first joint client, Cliens, who is utilizing Virtu’s TradeOPS capabilities via Limina’s platform.
Prem Balasubramanian, Head of Virtu’s TradeOPS platform, noted that recent changes in post-trade settlement, such as the shift to T+1, have introduced new operational challenges. This integrated solution aims to significantly reduce settlement delays, financial penalties, and workload for buy-side firms, allowing them to focus on investment management.
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