Refinitiv has signed a definitive agreement to acquire AlphaDesk, a
cloud-based Order Management System (OMS) that offers order and
portfolio management, risk, and compliance solutions for buy-side
clients.
Refinitiv currently offers pre-trade data and analytics via its flagship
financial platform Eikon, which is integrated with its EMS trading
capabilities from REDI. AlphaDesk adds a multi-asset class and
multi-currency OMS platform with flexible workflows, adaptable to the
differing needs of individual buy-side traders and asset managers.
AlphaDesk software combines OMS and operations management capabilities
for managing data and integrating with other systems involved in the
buy-side investment workflow. This combination benefits both traders and
traditional buy-side portfolio managers, given their converging roles.
“Our past collaboration with AlphaDesk makes them a strong fit for us,
and the integration of their platform with our existing products further
expands Refinitiv’s presence as a premier trading solution for
professionals across the buy-side community,” said Michael Chin,
managing director and co-head of Trading, Refinitiv. “With the
acquisition of AlphaDesk, Refinitiv now delivers an even more powerful
buy-side trading solution that is flexible, compliant, interoperable,
and covers all segments of the trading workflow. As a Cloud-based
provider, AlphaDesk further aligns with Refinitiv’s overall Cloud
strategy, and will help provide a more seamless path to implementation
and integration yielding significant cost-savings and agility for our
clients.”
“We are very excited about joining the Refinitiv team. There is great
potential to provide hedge funds and asset managers what they have been
asking for: a simpler way to acquire and manage better technology. The
combination of our front-to-back, cloud-based system with Refinitiv’s
global reach and extensive technology platform will help provide a truly
superior offering to clients all over the word,” said Dan Rissin, CEO,
AlphaDesk.
Refinitiv expects the acquisition to close in the second quarter.
More on Refinitiv’s trading capabilities are available
here.
About Refinitiv
Refinitiv is one of the world’s largest providers of financial markets
data and infrastructure, serving over 40,000 institutions in over 190
countries. It provides leading data and insights, trading platforms, and
open data and technology platforms that connect a thriving global
financial markets community – driving performance in trading,
investment, wealth management, regulatory compliance, market data
management, enterprise risk and fighting financial crime. www.refinitiv.com
© Refinitiv 2019. All Rights Reserved.
REDI Global Technologies LLC is a member of FINRA/SIPC. REDI
Technologies Ltd. is authorized and regulated by the UK Financial
Conduct Authority.
About AlphaDesk
AlphaDesk delivers real-time order, portfolio, and operations management
tools to fund managers. The managed cloud service supports multiple
portfolios, strategies, asset types, currencies and custodians in a
single, integrated solution. Using cutting edge cloud technologies,
AlphaDesk achieves unparalleled performance, functionality, and value
for money.
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