InvestCloud LLC, a provider of securities technology and services from the cloud, has launched The Prime Broker Cloud, an object solution for prime brokers that combines InvestClouds transaction editor, message technology, Interactive Data Repository (IDR), intraday accounting, order management system and Interactive Reporting Portal.
“Our team’s experience in working with the world’s largest prime brokers has enabled InvestCloud to produce an object solution that can address holistic requirements or existing specific functional gaps, says InvestCloud CEO John Wise. The combination of our object solution and cloud provides a unique, agile and fast-to-deploy solution that can be assembled to meet these prime broker requirements.”
The Prime Broker Cloud aims to selectively solve precise points of weakness in a prime services vendor’s current service offering by using the InvestCloud platform’s ability from the cloud to join with an institution’s current infrastructure and applications, the firm says.
Michael Smith, COO, adds: “The design driver of our solution was to define the IDR as a replacement technology for traditional data warehousing. Many objects surround the IDR to provide access points for integration and applications. These objects are used to create order management and intra-day accounting solutions in record time. We are very proof of concept oriented and very proud of our success in rapid and agile design, development and deployment.”