Jupiter becomes latest institution to join Saphyre

Saphyre’s platform will be leveraged by Jupiter for the onboarding and maintenance of its trading relationships with brokers and custodians.

Jupiter has become the latest firm to join Saphyre’s network of financial institutions utilising the fintech’s platform.  

Stephen Roche

As part of the move, Jupiter will leverage Saphyre’s platform for the onboarding and maintenance of its trading relationships with brokers and custodians.   

Saphyre’s automated intelligence enables onboarding and maintenance of custody and broker trading, alongside synchronising associated reference data in real-time. As a result, a single data source is created for all external parties.  

“We’re thrilled to welcome Jupiter, a leading financial investment management firm, to our endeavor,” said Stephen Roche, president and co-founder of Saphyre.  

“By implementing our technology, Jupiter will be able to ensure data integrity throughout the entire lifecycle of a fund, accelerating pre-trade to post-trade processes for their firm as well as their broker and custodial partners.”  

The offering also addresses fail trade issues, alongside facilitating real-time, T+0 collaboration between parties, particularly relevant for T+1 commitments.  

“We are excited to join the Saphyre platform and utilize the technology to support the growth in our institutional and international client base,” said Clive Phillips, head of client group business management and onboarding.   

“[…] Onboarding of Jupiter clients will be enhanced by the improved visibility, timeframes and accuracy of account set ups and data exchange with market participants (counterparties and custodians) and contribute to speed to market and the overall client onboarding experience.”