Advanced Financial Applications (AFA) has integrated the IMPACT Pro OMS platform with Goldman Sachs’ electronic trading platform, REDIPlus.
Under the terms of the agreement, AFA will provide multi-prime broker order management services to clients who trade using the REDIPlus execution management system (EMS).
AFA’s IMPACT Pro facilitates the allocation of trades to multiple prime brokers, manages intra-day profit and loss, and aggregates positions with various prime brokers in a neutral configuration.
Unlike heavy legacy systems, AFA’s neutral OMS allows users to manage their trade workflow by working with their execution management system in a cost-effective, easily deployable, web-based manner, unlocking cost and labour constraints.
“We recognize that today’s institutions demand flexible EMS and OMS capability. An integrated offering of REDIPlus and IMPACT Pro’s order management solution will bring together robust trade execution capabilities with neutral order management functionality – which is increasingly required by clients,” says Pat Lynch, CEO, AFA.
“The integration reinforces Goldman Sachs’ commitment to an open, multi-broker electronic offering, and is an example of the partnerships available through the recently launched Signature Program,” adds Adam Mazur, head of global connectivity, Goldman Sachs.
The Goldman Sachs Signature Program allows clients to optimize electronic trading through a consolidated network of service providers. AFA is a Signature Provider in this programme.