NEW YORK, NY October 24, 2018
MarketFactory, the industry-leading foreign exchange technology platform, announced today that their API, Whisperer, completed integration with Elysium Technology Group, a leading innovator in trade processing solutions for FX and futures, middle and back office product, Mission Control. A global investment bank was the first customer to go live with the integration last month.
By leveraging Whisperer and Mission Control, a firm has the option to connect to over 80 FX venues while simultaneously monitoring their positions, credit, reconciliation and P&L. The two systems combined empower customers to have full operational command of their trading business and complete trade lifecycle from point of execution to settlement.
Whisperer is a low-latency API that connects a trader to over 80 ECN/Bank/Non-Bank FX venues for market data, trading and market making. The FX market continues to fragment with traders accessing more venues, recently evidenced by a BIS paper that showed from 2005-2015 the share of trading executed on primary ECNs has been falling. MarketFactory’s James Sinclair summarized this in a blog post. Additionally, due to client demand, MarketFactory is in the final stages of releasing a new version of Whisperer called Whisperer Enterprise that supports FX trading connectivity for all instrument types (except options) for making and taking.
“Elysium Technology Group is the ideal partner for us as we are both focused on delivering technology solutions that allow the buy-side to focus on alpha, pricing, hedging and risk management,” said Christian Reiss, director of sales, MarketFactory.
Mission Control is cloud-based enterprise solution that enables FX trading operations to automate and optimize middle and back office functions. It provides an innovative live dashboard for the monitoring and reporting of client positions, trades, credit, and P&L across any FX prime broker and execution venue via Elysium’s TradeTracker Connectivity-as-a-Service network.
Roque Castro, head of product and business development for Elysium added, “We have found tremendous synergies between our business strategies and FX technology capabilities. MarketFactory’s highly experienced team made the integration process run smoothly. I am excited by the enhanced value of our combined offering.”
MarketFactory is a financial technology company that provides software-as-a-service to currency markets. Our platforms power currency trading that seamlessly connects to 80+ FX venues, delivers ultra-low latency, improves time to market and enables risk monitoring. Currently, MarketFactory partners with over 100 banks, funds, brokers and ECNs/exchanges. MarketFactory has offices in New York City and London. For more information, please visit www.marketfactory.com or follow us @MarketFactory.
About Elysium Technology Group
Elysium Technology Group is an innovator of post-trade cloud software solutions for the currency markets. Our flagship application, Mission Control, leverages over 30 years of experience in running institutional trading operations to deliver greater control in one single, integrated dashboard solution. Elysium Technology Group has offices in Virginia, New York City and Chicago. For more information, please visit www.elysiumtechgroup.com or follow us @Elysium_Tech.