Itau Securities, a broker dealer, has completed initial implementation of Findur, an integrated trade management platform developed by OpenLink, to strengthen trade-order processing, allocation and confirmation activities at its New York offices.
Itau’s system infrastructure will be based in Brazil, and the functionality will be delivered to users’ desktops via web browsers. Findur can trade across asset classes from the simplest securities to highly structured derivatives. It can also support the full processing of trades from front- to back-office.
Kevin Hesselbirg, COO of OpenLink, said: This implementation marks the first broker-dealer deployment of Findur, and the success of the initiative is a testament to the flexibility of the Findur product. Itau knew what they wanted, specified the business requirements, and turned it over to our product experts to deliver a solution that was directly aligned with the business requirements. Building on this success, we look forward to introducing the Findur product to a broader range of capital markets players.