FILS 2022: Itaú selects Genesis Global for new trade automation

Dan Barnes

Genesis Global, the low-code application development platform for financial markets organisations, will provide a new trade automation and client portal system for Itaú Securities. 

The Genesis solution will consolidate trade and portfolio information, in an effort to improve the experience offered to clients of Itaú Securities, and automate pre-trade workflows, minimising data checks, trade entry, order routing and other administration required of traders at Itaú.  

“Genesis has the expertise to understand our challenge and the technology to deliver an effective, modern solution,” said Marcelo Aagesen, managing director, global markets and strategy at Itaú Securities. 

Alberto Tani, Itau.

“This partnership is part of our continued digital transformation, and we expect the new system to improve the experience we offer our clients,” added Alberto Tani, head trader at Itaú Securities.

Stephen Murphy, co-founder and CEO of Genesis.

“The challenge at Itaú is the perfect environment for the Genesis platform,” said Stephen Murphy, co-founder and CEO of Genesis. “We have the ability to quickly automate a range of proprietary workflows and integrate with multiple internal and external technologies to create a modern, high-performance system that will enhance how Itaú serves its clients and manages its trading operations.”

Selected for its deep domain experience in asset management, trading and financial services, Genesis will deploy an agile implementation process and leverage the multiple technical and business components within the Genesis platform to design the new, fully cloud-based system. Components in the Genesis platform will facilitate the multiple required integrations with order management systems (OMS), execution management systems (EMS) and Itaú systems for credit, compliance and documentation checks.

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