Genesis launches FX & rates trade capture app with prime broker integration

Genesis launched FX Prime, a trade capture application developed for FX & rates trading desks with prime broker integration. The application has been developed in partnership with XP Investments, the US-based subsidiary of Brazil’s big broker XP Investimentos.

FX Prime is built on the Genesis Low-Code Application Platform, an enterprise-wide platform on which firms can create applications 80% faster than the speed of traditional software development. The application supports FX option trade capture for both single-leg trades and multi-leg strategies, as well as spot, forwards, swaps, NDFs, NDF Swaps, and interest rate swaps deals.

The app also acts as a productivity tool that captures FX & rates voice business and streams trade activity directly into the prime broker while simultaneously serving as a placeholder for books and records. The application augments standard internal processes with platform features such as new trade capture, amendments and cancellations, option expiry monitor and client trade confirmations to provide a seamless end-to-end operating environment. FX Prime can also connect to external market platforms, as well as sit on top or alongside existing internal systems.

The firm’s business-wide digitisation and transformation programme has enabled the firm to quickly respond to shifting corporate dynamics, changing regulatory obligations, and the increasing client appetite to take advantage of trading and investment opportunities in times of market volatility. In an era when interest rates have dropped to unprecedented lows, investors demand greater diversification, access to new products and markets, and best execution.

Eduardo Hargreaves, head of FX and Rates Agency Desk at XP Investments, said in a statement: “Since launching our FX desk earlier this year, we have continued to expand our offering beyond FX products to include interest rate swaps. This is one of the great advantages of the Genesis low-code platform. We have been able to proactively adapt to the changing market requirements and deploy at speed.”


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