Elixium, a peer-to-peer repo exchange platform from Swiss-based interdealer broker Tradition, has partnered with Pirum Systems to develop its post-trade connectivity to clients.
The partnership will enable the platform to manage clients post-trade lifecycle, including trade booking and down-stream connectivity to tri-party agents and clearing houses.
The partnership is the latest milestone for the platform which conducted its first buy-side trade last month.
“Pirum’s STP post trade services are an impressive solution to help our clients to manage the lifecycle of trades done on the Elixium marketplace. We are looking forward to working with Pirum Systems,” says Roberto Verrillo, head of markets and strategy, Elixium.
Elixium aims to match treasurers and asset managements with hedge funds and pension funds in need of short-term financing.