Matrix Applications, a New York-based fintech service bureau, has upgraded its QTIX trade life cycle and collateral management system.
Matrix, which offers a suite of collateral management, margining and clearing systems, also announced that it will be rebranding the system as ‘Elevate.’
“The Elevate rebrand reaffirms Matrix’s commitment to continuously improve our software and services for our customers,” said James Tabacchi, President and Chief Executive Officer at Matrix Applications.
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.
The growing Matrix team has spent the past year developing Next Generation (NG) deployments to not only improve the user experience, but also create an adaptable micro-services architecture to keep up with the changing marketplace.
QTIX, reengineered as Elevate and to be released in Q4, features an appealing user interface, enhanced functionality, streamlined workflows and back-end modernization for extreme efficiency.
Elevate’s modernized ‘look and feel’ has been praised by industry professionals for its intuitive design, simplified interface and ease of use.
“Elevate offers an improved user experience and our customers are just as excited as we are,” shared Stephen Mellert, Managing Director at Matrix Applications.
“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.”