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Virtu Financial has announced a strategic collaboration with Limina, a provider of cloud-native Investment Management Solutions, centered around Virtu’s TradeOPS platform. This partnership aims to deliver a seamless, end-to-end trade processing experience for buyside firms, from order management to post-trade settlement.
Key highlights of this collaboration:
* Integrated Workflow: The partnership integrates Virtu’s TradeOPS platform, designed to automate post-trade workflows like allocation matching and settlements, with Limina’s cloud-based Order and Portfolio Management System (O/PMS). This creates a fully-integrated, front-to-back solution for investment managers.
* Addressing Industry Challenges: The collaboration is particularly timely given recent industry shifts, including the transition to T+1 settlement and the migration from SWIFT MT to MX messaging formats. These changes have introduced new operational challenges for buyside firms, and the integrated solution aims to alleviate these burdens.
* Reduced Operational Burden: By streamlining and automating post-trade processes, the platform is designed to significantly reduce settlement delays, minimize financial penalties, and free up valuable time for firms to focus on core investment management.
* First Joint Client: The partnership has already welcomed its first joint client, Cliens, a Swedish fund manager. Cliens is now utilizing Virtu’s TradeOPS capabilities via Limina’s platform, demonstrating the immediate benefits and market validation of the integrated solution.
* Strategic Growth for Virtu: For Virtu Financial, this collaboration is a strategic move to expand its offerings beyond its traditional market-making activities into scalable, outsourced trading solutions. By partnering with a flexible, cloud-based company like Limina, Virtu aims to reach a broader market and boost its recurring service revenues.
This collaboration underscores the increasing demand for advanced technology solutions in the financial industry to navigate complex post-trade requirements and enhance operational efficiency.

Video courtesy of CSOB

Video courtesy of CSOB