Matrix Applications forms strategic partnership with ZeroBeta
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Matrix Applications forms strategic partnership with ZeroBeta 29 June 2023US Reporter: Carmella Haswell
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Matrix Applications, a wholly-owned subsidiary of South Street Securities Holdings, has formed a strategic partnership with ZeroBeta to elevate its risk management capabilities in the capital markets.
ZeroBeta is a provider of cross-asset, real-time risk, collateral and market data management technology.
Its BlueShift Platform will combine with Matrix’s suite of collateral management, margining, clearing and back-office systems, aiming to provide a comprehensive solution to tackle complex challenges faced by institutional firms.
The New York-based fintech service bureau says the collaboration will offer an end-to-end solution to clients that optimises risk exposure across asset classes, enhances operational efficiency, minimises counterparty risk and helps to drive growth.
Users of the platform will have access to a suite of tools and functionalities that aim to facilitate efficient trade processing, accurate risk assessment and streamlined collateral management.
Commenting on the partnership, Stephen Mellert, head of business development at Matrix, says: “Our partnership with ZeroBeta is a natural fit, aligning our respective strengths to deliver a holistic risk management solution.
“By using ZeroBeta's technology and our industry experience, we can offer our clients an integrated platform that addresses their evolving risk management requirements.”
Manjusha Tipre, co-founder and board member of ZeroBeta, adds: “This partnership will create a powerful FinOps SaaS offering for Matrix and its clients. It will provide fixed income institutional players with agile and nimble technology modernisation under the secure and compliant operations of Matrix.”
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