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Newedge Delivers Enhanced Post-Trading Platform Using Pivotal
Newedge is a major force in global multi-asset brokerage, with a world-leading position in the execution and clearing of listed derivative products. Formed in 2008 from a joint venture between Fimat and Calyon Financial, it now does business on more than 85 global exchanges from 20 locations across 16 countries.
As part of a program of system modernization across its global post-trading architecture, Newedge selected Pivotal products and solutions to create an agile architecture able to respond to increasing demands in a dynamically evolving marketplace.
Newedge initiated its NVision strategy to ensure the future capability and scalability of its global post-trading operations. Pivotal provided a cost-effective solution to create an agile and flexible IT architecture that is also capable of absorbing sudden peaks of trading activity in increasingly volatile markets. Group CIO, Alain Courbebaisse, says, “We have successfully implemented the most advanced post-trading platform of the clearing industry. Pivotal enables us to abstract technology from the business layer and provides us with a consistent, global, multi-asset platform.