The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SoftSolutions! Migrates nexRates Fixed Income Platform to the Cloud

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.”

Related content

WEBINAR

Recorded Webinar: The evolution of market surveillance across sell-side and buy-side firms

Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes. This webinar will review the extent of market abuse in...

BLOG

VendEx Launches VSource Vendor Services Directory for the Market Data Industry

San Francisco-based market data management specialist VendEx Solutions has launched VSource, an interactive digital catalogue of market data vendors, products and services, containing details of more than 3,700 active vendors at launch. VSource uses a proprietary alphanumeric taxonomy, the VID (patent pending), to capture product and service information at a granular level, enabling firms to...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...