Matrix Applications announced that it’s been selected by Velocity to use its TradeBlazer platform. This collateral management system, with over three decades of refined business logic, provides a comprehensive suite of integrated functions for fixed income transactions that spans accounting, credit, operations, trading, risk management and real-time clearance activities.
“Following a thorough evaluation, we found Matrix’s customer service and TradeBlazer’s functionalities to be exceptional. The platform empowers us to streamline operations, enhance trading processes and offer solutions to our valued clients. With TradeBlazer, we are poised to set new standards in efficiency and client satisfaction,” said Tony Merola, managing director at Velocity, in a statement.
Velocity is a technology-driven, self-clearing broker/dealer with a mission to combine high-tech infrastructure with high-touch service. The company supports institutional clients including broker/dealers, hedge funds, family offices and proprietary trading firms. Velocity provides execution services, clearing and custody, along with access to stock locate services, securities lending and competitive financing. It now joins Matrix’s growing list of customers.