AQX Technologies: Next-Gen Trade Management Solution

The XDesk is an asset class agnostic platform and is capable of including any new upcoming instrument very quickly into the system. Built with a flexible API, the platform seamlessly integrates into existing infrastructure system in short implementation cycles. It creates an event-driven workflow engine that is capable of running operations in real-time (automating the sending out of confirmations/contract notes, calculating PnLs and more). To further illustrate XDesk’s efficacy, Norman Harmann, Co-Founder of AQX Technologies, narrates a case-study, where Prime Brokerage, approached them to rectify its inconsistent trade statistics and manual spreadsheet driven workflow across the various multiple systems which led to regulatory fines. Sitting in the middle office of the infrastructure, XDesk connected all disparate systems and automated reconciliations logs within the platform to validate regulatory consistency with almost 100 per cent accuracy of reports. Thanks to AQX, Prime Brokerage experienced significant growth of 30 per cent in business volume in 12 months without having to hire a single middle/back office employee.

We designed and built, the platform to be asset class agnostic with a flexible workflow engine that enables functions to be event-driven in real-time and integrates into existing infrastructures with rapid implementation times at a low-cost

The brainchild of two successful entrepreneurs—Hristo Dinchev and Norman Hartmann, AQX Technologies was born out-of-necessity in 2010, owing to the lack of a robust and cohesive trade management solution in the market. With more than a decade of experience building front to back-office technology solutions for а leading European asset management companies, AQX has fine-tuned its trade management solution to meet the requirements of Europe’s buy- and sell-side firms. AQX has recently forged a partnership with Quod Financial, a multi-asset trading platform to provide a fully SaaS turn-key solution for the FX, Derivatives and Equity markets in Europe. Besides, the firm conducts regulatory reporting via UnaVista, an approved trade repository by ESMA, as well as other ARMs and directly into regulators as well. “With regards to future geographical expansion and new features—we plan to expand our presence across Continental Europe and USA in the near future and offer new modules such as portfolio handling, risk management and billing into our system,” concludes Hristo.