New York, September 2, 2021 – Matrix Applications is pleased to announce the successful launch of DV Securities on its QTIX platform.
QTIX is a seasoned securities finance solution for broker / dealers, asset managers and banks in the fixed income capital markets. It is engineered to deliver exceptional performance for organizations both large and small. Functions range from front-office trade entry to settlement & clearance down to reporting and accounting.
"We executed our first trades as a Tier-1 netting member of FICC’s Government Securities Division (GSD). Throughout the lengthy regulatory and clearing bank approval processes, the staff at Matrix Applications showed their professionalism, personal attention and focus on helping DV Securities achieve this milestone,” said Eric Carlino, Executive Vice President, Fixed Income, DV Securities.
“The Matrix Applications team is excited to onboard DV Securities. Their leveraging of QTIX and Matrix’s Managed Services for the back-office was the smart choice. DV is able to achieve straight-through-processing from brokers down to DV’s clearing agent and GSD account at FICC. And the Managed Services team lets DV focus on what they do best: trading,” said Stephen Mellert, Managing Director for Matrix Applications. “DV’s success is our success, and we value our partnership with them.”