About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SoftSolutions! Migrates nexRates Fixed Income Platform to the Cloud

Subscribe to our newsletter

Milan-based fixed income trading technology provider SoftSolutions! has re-architected its nexRates electronic Trading-as-a-Service platform to be fully cloud-available. In the process, the company has completed an AWS (Amazon Web Services) Foundational Technical Review, meeting strict criteria around security, disaster recovery, resilience, and operational excellence.

“The main driver behind this is that most of our Tier 2 clients now have a cloud first strategy,” says Roberto Cocchi, CEO of SoftSolutions!. “They’ve been struggling with costs, they’re struggling with IT staff, and they need more elasticity. The current method of how vendors deploy their solutions is rigid, old-fashioned, and has proved ineffective. Whereas the cloud is an incredible accelerator of change, it’s very reliable, with very high operational resilience, and it’s very quick to ramp up new features.”

Having nexRates available within the cloud ecosystem offers clients a range of benefits, says Cocchi. “They don’t have to be reliant on a single vendor that does everything. The cloud ecosystem gives them access to alternative data, market connectivity, broker trading data, AI and machine learning, business intelligence, data storage, disaster recovery and operational resilience, all within a cloud environment that can scale up or down as necessary,” he says.

Operational resilience is becoming a more pressing issue for firms, with the renewed regulatory focus on the topic.

Cocchi adds that, now that the AWS Foundational Technical Review has been completed, customers will see a “quantum leap” in the managed services the company offers with its nexRates platform. “There is an incredible ease in upgrading hardware and software,” he says. “Also, we can provide customers with virtual desktops and reduce their IT provisioning costs. And the flexibility means that traders can have a new desktop in hours rather than weeks.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Leveraging cloud as part of your colocation or proximity hosting strategy

As firms assess which elements of the trading workflow can be profitably migrated to cloud environments, ensuring compatibility with colocation and proximity hosting facilities becomes paramount. Practitioners need to take into account data access and security, messaging latency and regulatory considerations around operational resilience and physical location of client data. This webinar will discuss best...

BLOG

Overbond Secures New Round of Funding from Fitch Ventures and Aims for International Expansion

Overbond, the API-based credit trading automation and execution service for the global capital markets, has secured funding from Fitch Ventures, the equity investment arm of Fitch Group, the financial information services provider. The capital will help Overbond grow its sales and marketing division as it plans to open an office in London and double its...

EVENT

TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...