Arqaam Capital makes Sophis choice

Arqaam Capital has implemented a new trading platform from Sophis, which the investment bank says will allow it to optimise service to clients at all stages of the transactional process.

Sophis VALUE is a cross-asset, front-to-back-office platform made of four modules: front office, risk management, middle/back office and data management. The platform combines sell-side financial and technological capabilities with the user-friendliness, connectivity and ease of implementation required by the buy-side. Javed Alam, head of IT at Arqaam Capital, said: “We aimed for one system with straight-through-processing across front-, middle- and back-office.

“Sophis provided an excellent solution to our requirements, having a comprehensive system that applies across all asset classes — equities, credit, interest rates, fixed income, FX, etc — and connects all aspects of the transaction value chain starting with the trade capture all the way through to settlements and account posting. This significantly reduces operational risk and facilitates better client servicing.” The implementation was completed in three months, which Alam said was due to the calibre of Arqaam’s people, the processes put in place to accelerate decision-making and the partnership with Sophis.

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