Virtu Financial Partners with Limina to Enhance Buy-side Workflows

Virtu Financial has collaborated with cloud-native investment management solution provider, Limina to enhance buy-side workflows. According to a story in The Trade news, the collaboration is based around Virtu’s TradeOPS platform, which automates post-trade workflows, and combines Limina’s cloud-native order and portfolio management system (O/PMS) to provide buy-side clients with access to a fully integrated front-to-back workflow.  Virtu has said that the collaboration will address recent challenges and developments in the post-trade sector affecting buy-side firms, such as settlement delays, workloads and financial penalties, as well as the upcoming T+1 settlement and financial messaging shift from SWIFT MT to MX.  The offering has already seen the first client, Swedish investment management firm, Cliens, accessing the TradeOPS’ offering using DTCC-CTM through Limina’s platform.