RJ O’Brien deploys Itiviti FIX service to consolidate internal systems

RJ O’Brien will use the managed FIX service from Itiviti to centralise monitoring and administrative processes across regions.

US futures broker and clearing firm RJ O’Brien has consolidated its separate regional systems with Itiviti’s managed FIX service.

RJ O’Brien has implemented the service to gain a centralised hub for global client connectivity, with central monitoring and administration that can be accessed globally. It will also help the institution manage multi-asset flow from clients and connect to outbound destinations.

Itiviti said that RJ O’Brien, which is already a client of the trading software specialist in London, wanted to consolidate its systems for increased efficiency, and to unify the onboarding of clients globally.

“We’re delighted to build on our relationship with Itiviti with this managed FIX service that will give us and our clients a single, robust, off-the-shelf point of connectivity for RJ O’Brien trade execution,” said Thomas Texier, managing director for London and enterprise IT at RJ O’Brien. “Clients will have the ability to enter orders through direct electronic access, utilize advanced execution algorithms or submit ‘care’ flow.”

In October, RJ O’Brien installed an electronic trading platform from ION to manage and grow its cleared derivatives business for institution clients. The ION Global Trading Platform (GTP) provides order management, risk management, automated middle-office workflow for pre- and post-trade allocations, and recapping via a single system.

“We are very pleased to be able to assist RJ O’Brien with quicker and more efficient onboarding of clients,” Lee Griggs, Itiviti president for EMEA, added. “Using Itiviti’s managed FIX service with its highly configurable connectivity platform means RJO can provide a better client experience. We are very proud to assist the firm in consolidating its global client connectivity offering, and we very much look forward to continuing to expand our partnership.”