Matrix announced an upgrade to its QTIX trade life cycle and collateral management system and will be rebranding the system as Elevate. With 20+ years of business and technical logic built-in, Elevate will be a fixed income and equities securities lending platform that offers a cohesive front-to-back-office solution for institutional post-trade processing.
Matrix is a New York-based fintech service bureau that offers collateral management, margining and clearing systems for institutional fixed income trading and equities securities lending. The growing team has spent the past year developing advanced deployments to not only improve the user experience, but also create an adaptable micro-services architecture to keep up with the changing marketplace.
“Elevate offers an improved user experience and our customers are just as excited as we are,” shared Stephen Mellert, managing director at Matrix, in a statement. “From static data, trade entry, position management and operations all the way down to settlement & matching, credit, accounting, auditing and reporting, Elevate enables our clients to navigate the trade life cycle better and faster.”