Virtu Financial (VIRT) and Limina announced a strategic collaboration around Virtu’s TradeOPS platform. Virtu’s TradeOPS is a streamlined, consolidated platform that covers clients’ matching, settlements and payment requirements. Designed and built specifically to automate post-trade workflows, including allocation matching and settlements, exception-based processing in TradeOPS is designed to significantly reduce settlement delays, financial penalties, and workload for buyside firms. Combined with Limina’s cloud-native Order and Portfolio Management System, this collaboration enables buyside firms to access a fully-integrated, front-to-back workflow. The collaboration has welcomed its first joint client, Cliens, who is now benefiting from Virtu’s TradeOPS capabilities using DTCC-CTM via Limina’s platform.
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