The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in performance and efficiency.
In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading, sheds light on the cutting-edge, award-winning technology that sets the firm apart in this highly competitive space.
Customized liquidity solutions and technology are crucial
This conversation reveals how Finalto’s bespoke, in-house developed technology meets clients’ unique demands, ensuring unparalleled speed and precision in trading operations. As the market evolves and becomes more saturated, customized liquidity solutions and state-of-the-art technology are crucial for standing out from peers. Finalto’s dedication to innovation ensures it stays ahead in this fast-moving sector, offering clients the competitive edge they need in a rapidly shifting landscape.
Andy Biggs explains that their technology is entirely in-house and tailored specifically for the prime of prime space, ensuring exceptional performance and functionality. The technology’s ability to handle hundreds of thousands of events per second allows for lightning-fast decision-making, while smart features and complex account booking capabilities cater to hedge funds and money managers.
Clients can trade thousands of products into one account, streamlining operations and enhancing efficiency, or segregate flow by account while maintaining a unified view of their assets and risk controls. Finalto’s commitment to leveraging data and proactive problem-solving further enhances their technology’s effectiveness, empowering clients with the tools they need to navigate the market with precision and efficiency.
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Andrew Biggs is the Group Head of Risk & Trading at Finalto. He has been in this role since November 2022, following his promotion from Head of Liquidity and Systematic Market Making at the same company. Biggs joined Finalto, formerly known as CFH Clearing, in May 2018, and continued in his role after the acquisition and rebranding of CFH Clearing to Finalto.
Prior to his tenure at Finalto, Biggs held significant positions in other prominent financial institutions. He was the Head of Liquidity and Risk Analysis at IS Prime and also worked at Sucden Financial and ICM Capital, where he gained extensive experience in risk management and trading operations.
An interview with Finalto’s Andrew Biggs
Below is the full interview with Andy Biggs, providing deeper insights into the innovative technology and strategic approaches driving Finalto’s success.
Q: What sets your technology apart from others in the market?
A: Our technology is built entirely in-house, tailored specifically for the prime of prime space, ensuring unparalleled performance and functionality.
We find technology plays a crucial role because liquidity provision is not a one-size-fits-all model. As the landscape has evolved and technology has improved to enable a wider range of products, clients are increasingly looking for tailored liquidity that serves their needs, while also retaining access to a large, established and respected liquidity provider.
Q: How does speed factor into your technology’s capabilities?
A: Speed is paramount in today’s increasingly responsive and dynamic markets. Our system, designed as a distributed system, handles hundreds of thousands of events per second, enabling lightning-fast decision-making. We prioritise speed without overwhelming clients’ systems by offering throttling capabilities, ensuring a smooth flow of data.
The speed at which a price is delivered and executed can make a big difference in performance and plays a central role in delivering sustainable pricing. The fact that high-frequency market makers can put out more than one quote per millisecond means that an LP’s ability to customise what they then pass on to the client is critical. And as some clients will want that kind of frequency while others have no need, we believe it’s important to tailor not only the pricing but also the ‘pressure’ on that flow, depending on the client’s needs.
These days, in-house technology plays an important role in delivering speed of execution. So, in our opinion, hedge funds, money managers and brokers should look to LPs who have implemented their own technology. This will enable them to take a more precise approach to ensuring maximum speed of execution, without compromising on price.
Q: What smart features does your technology offer for hedge funds and money managers?
A: Our platform boasts smart features tailored to the unique requirements of hedge funds and money managers, including complex account booking capabilities, empowering them to navigate the market with precision and efficiency.
We use data as a powerful tool for tailoring and improving liquidity for specific clients, and liquidity providers should take a proactive approach to maximising the utility of the data it sits upon. At Finalto we use data in discussions with clients themselves, and with the institutions our data derives pricing from, to constantly make improvements and fix problems before they can become a bigger issue.
Q: How does your technology streamline trading processes for clients?
A: Clients can trade thousands of products into just one account, streamlining operations and enhancing efficiency. Alternatively, our platform allows clients to segregate flow by account while maintaining a unified view of their assets and risk controls, providing flexibility without sacrificing oversight.
As stated earlier, because client needs vary a lot and can change over time, having our own in-house tech means we can adapt and tailor our solutions to better fit the client’s needs, allowing them to streamline processes and get better outcomes.
For further inquiries or to schedule a demo, please contact us here.
At Finalto we’re dedicated to revolutionizing prime of prime trading with our state-of-the-art technology, designed to empower clients with speed, efficiency, and flexibility like never before.
