Deutsche Numis Invests in interop.io to Streamline Trading
01. Company
Deutsche Numis is an international investment bank that partners with the most ambitious companies and investors, offering strategic advice, unique insights and connectivity to the capital markets. Already a leader in the UK market, Deutsche Numis is the adviser of choice for listed companies, including one fifth of the FTSE 350 index, with an average market capitalization of £1.4bn, and has acted on the most UK IPOs over the past decade.
Since 2016, Deutsche Numis has diversified its strategy to grow its UK M&A franchise, expand internationally and develop its private markets business, which combined now accounts for almost half of investment banking revenues.
02. Products Used
io.Connect, Fidessa, and inFront
In this demo workflow, see the integration in action:
03. Challenge
The market-making desk at Deutsche Numis wanted to improve their retail service provider (RSP) offering and remain competitive in the markets against their peers. To do that they sought to replace one RSP application with another (Infront) but wanted the new RSP application to work seamlessly with their main OEMS (Fidessa).
“This is all about enabling a best of breed system architecture that enables our staff to have the best possible tools for the job. In turn, we will be able to operate even more efficiently and continue to exceed for our clients and the business as a whole.” — Head of Technology and Transformation
04. Vendor Evaluation
Deutsche Numis was familiar with desktop interoperability but was seeking an interop vendor that really understood Fidessa. They approached interop.io independently with their challenge and were very quickly sold on the solution and interop.io’s Fidessa subject matter expertise.
05. Solution
The solution involved the seamless integration between Fidessa and Infront allowing synchronization of instrument codes using tracking groups and color channels. For end-users this means they have been able to integrate the best tools they need to carry out their jobs and be more competitive when quoting on the RSP network without any friction. The solution was delivered in five days.
06. Future Goals
The bank’s vision is to have a best-of-breed approach to their trading technology strategy and interop.io makes this happen. Future plans include extending workflow integration to other applications across the front office such as Singletrack, Symphony, Qliksense and Bloomberg as well as bringing in intra-firm notification capabilities.