Tier One Global Bank Cuts Costs and Boosts Efficiency

Challenge

A global banking firm had spent tens of millions of dollars developing two front-end systems to layer on top of a third-party legacy trading platform. Additionally, they had built an in-house inventory system but was lacking trade entry and specific Securities Borrowing & Lending (SBL) functionality, leading to inefficiencies and high operational costs.

The firm knew they needed a modern, efficient solution to reduce costs, automate trade processes, and eliminate inefficiencies.

Solution

The firm modernized its infrastructure by replacing fragmented legacy systems with Trading Apps’ comprehensive suite of broker-dealer solutions. This strategic upgrade delivered end-to-end automation across critical trading functions, significantly reducing manual intervention and operational overhead.

➡️  AutoLend: Enabled automated processing of borrow requests, standardizing data from various sources into a single, interactive view.

➡️  Smart Borrow: Automated short coverage, identifying short positions, negotiating rates, and executing trades with minimal manual intervention.

➡️  Trade: Provided a unified system for trade entry, analytics, maintenance, and automation.

➡️  Push Lists: Allowed traders to create and filter bespoke availability lists, optimizing trade execution.

➡️  Inventory: Consolidated multiple inventory sources, market data, and trading intelligence into a single, real-time screen.

➡️  TA.Link: A secure, automated trade messaging service that streamlined pre- and post-trade lifecycle events while eliminating unnecessary complexity and costs.

Results

Leveraging Trading Apps’ automation and efficiency-focused solutions, the firm transformed its trading operations, significantly reduced costs, and empowered faster, more informed decisions. By streamlining workflows and consolidating disparate systems, the firm achieved meaningful cost savings, enhanced operational efficiency, and improved scalability, laying a stronger foundation for sustained growth and responsiveness in a dynamic market environment.

By switching to Trading Apps, the firm saw:

✅  Immediate Cost Reductions: The firm decommissioned outdated systems, cutting support costs within just six months.

✅  Operational Efficiency: The automated finance allocator began booking thousands of trades that previously required manual identification and input.

✅  Error Reduction & Time Savings: A secure, automated process for lifecycle changes replaced a manual, error-prone rate change workflow that previously took hours to complete.

✅  Increased Trader Productivity: Automated collateral trade booking freed traders from tedious manual processes, allowing them to focus on high-value trading activities.

✅  Unprecedented system reliability: The firm’s Senior Change Manager noted it was the first time a new system had delivered as promised.