Global post-trade solutions provider OSTTRA has acquired SaaS AI-enabled solutions provider, HUB, as the firm looks to build out its investment management offering.
Through the move, OSTTRA aims to develop its post-trade transformation strategy, and the addition of HUB is expected to complement OSTTRA’s existing solutions suite, tailored for buy-side trade processing, portfolio reconciliation, optimisation and margin management.
In addition, the acquisition is set to specifically benefit investment managers by providing a unified foundation to streamline operations and reduce risk, as well as enhance productivity, data accuracy and control.
Guy Rowcliffe and John Stewart, co-chief executives of OSTTRA, said: “Our ambition is to build an intelligent ecosystem where every trade moves seamlessly through its lifecycle. HUB’s AI powered solutions perfectly complement our existing network.
“By bringing the HUB team into OSTTRA, we are strengthening our commitment to the buy-side, turning shared infrastructure into shared benefit for the investment management community.”
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HUB’s technology offering supports the automation of investment operations, and by integrating the firms AI-enabled capabilities, OSTTRA clients will gain access to greater innovation, replacing manual, spreadsheet-heavy processes with automated, real-time oversight.
Similarly, HUB users will gain access to the OSTTRA network, with enhanced connectivity and broader trade lifecycle services.
Current HUB chief executive, Paul Taylor, is set to step down from his role once the acquisition is finalised, while the remaining HUB team will continue to work within the support and evolution of HUB’s services, while also contributing to OSTTRA’s offering.
“We built HUB with a clear conviction, to transform manual, fragmented workflows through modern data architecture and AI,” said Paul Taylor, chief executive of HUB.
“Over the past few years, our focus has been building a platform that customers genuinely rely on. I am incredibly proud of what the team has built, the quality of the platform and the trust we have earned from our customers. Joining OSTTRA is a transformative moment. Our customers can be reassured it is ‘business as usual,’ now backed by OSTTRA’s global reach and resilience.”