Itaú taps Genesis Global for trade automation tech
Low-code application development platform Genesis Global has been selected to provide a new trade automation and client portal system for Itaú Securities.
Genesis aims to design a fully cloud-based system that will automate pre-trade workflows, trade entry, order routing and other administration tasks for Itaú, as well as minimise data checks.
The platform will also integrate with order management systems (OMS), execution management systems (EMS) and Itaú’s own systems for credit, compliance and documentation checks.
Stephen Murphy, co-founder and CEO of Genesis Global, says the firm will look to “automate a range of proprietary workflows and integrate with multiple internal and external technologies” to “enhance how Itaú serves its clients and manages its trading operations”.
Itaú says it selected Genesis for its “deep domain experience in asset management, trading and financial services”.
“This partnership is part of our continued digital transformation and we expect the new system to improve the experience we offer our clients,” says Alberto Tani, head trader at Itaú Securities.