A highly specialised organisation, established on the business initiative of professionals from the financial Information Technology sector: EliData

Technology is revolutionizing the financial markets. Businesses are now compelled to shun the old financial practices to follow an agile approach to stay ahead of the competition. According to a report, the Fintech industry was valued at $127.66 billion in 2018 and is expected to reach $309.98 billion by 2022. One of the major disruptors in this segment is Milan-based EliData, which excels at designing and developing avant-garde technological solutions for the Finance industry.

EliData was established as an Italian software house founded by professionals from the IT world. Today, the company designs and develops highly advanced solutions, providing its customers the complete knowledge of a changing and dynamic context, the technical and functional support for their specific needs, and the possibility to customize every solution with a tailor-made approach.

Based out of Italy, EliData specializes in the development of trading and order routing applications for the financial markets, transaction reporting systems, and solutions for data exchange between Front Office and Back Office Systems. But that’s not all, EliData’s solutions focus on three main business areas, including Trading, Compliance, and Financial Middleware.

Trade Smart with CTS

The financial markets are evolving with technological growth. Tech advancements have been a key factor in the transformation of every industry. And not just that, technology is today at the core of how every company operates. This gives them the quintessential competitive edge in a tough industry like Finance. To help its clients gain this edge, EliData came up with Caronte Trading System (CTS). This all-in-one trading system was conceived to streamline and optimize the trading activity of global buy-side institutions.

Developed in 2010, CTS is a multi-asset EMS/OMS that connects more than 80 markets worldwide and MTF/OTF circuits and most of the international brokers. CTS offers highly advanced features such as smart order routing, best execution, algo trading, market-making, and request for quote. It is an automatic and responsive system that guarantees reliability and safety and allows EliData’s customers to be sure to operate in the best way according to their specific needs and strategies. “We do know that markets evolve fast and constantly. That’s why we apply a time-to-market approach that is necessary for our customers in order to be always up to date and not to miss new opportunities and benefits originating from markets changing,” said Marco Connizzoli, CEO.

To keep the customers at the center of business, the company constantly works with them to understand their needs and delivers solutions accordingly. “We do believe that the best ideas are born working together. For this reason, we consider our customers to be the protagonist of each project and activity. Together, we find the best path according to their needs and strategies, and we constantly collaborate with our customers through positive and useful dialogue,” added the CEO.

Automate Financial Data

The financial services industry in the modern context requires connectivity. This is essential today because the industry uses the connectivity to leverage information assets and reduce implementation risk for new applications. Middle and enterprise integration tools act like the bridge that makes this connectivity possible.

EliData’s Caronte Financial Middleware is able to capture executions from all connected international markets, networks, and brokers for equities, bonds, funds, derivatives, money market, and foreign exchange “We manage all the asset classes by transforming them, applying filters, and remapping before inserting them on other systems,” said Marco Connizzoli, about the solution.

EliData’s financial middleware transforms complex and confusing architecture into fluid and linear processes. The company’s solution rationalizes unnecessary and inefficient systems by transforming them into simple and highly automated ones as it easily adapts to the changing and dynamic context in which the customers operate. “We give fast responses to specific changes and needs of adjustments, keeping the linearity of the processes. We guarantee a very high level of reliability proven by the solidity of our financial middleware, created twenty years ago and in constant evolution and innovation thanks to our skilled support team,” guarantees Marco Connizzoli. Caronte Financial Middleware streamlines and automates the loading data activities in the financial industry. The system provides connectivity to domestic and international markets, brokers, networks, Front Office, Back Office, Risk Management, and Position Keeping systems and aligns data in all the connected systems.

Such products have kept EliData at the forefront of the innovations in this space since its establishment in 1999. With such a splendid vision, the company is bound to continue to grow and rise.

The Leader

Marco Connizzoli, CEO

He has more than 20 years of experience in software for financial institutions with very wide-ranging knowledge of all aspects of market connectivity and following the changes and evolutions. His specialties include deep knowledge of Trading and its aspects, complexity and customers’ needs. Financial markets middleware specialist, STP integration, Customer accounting, Strategic planning, Lead complex projects, Significant contact with key client executives and management, and Business development.

“CTS offers highly advanced features such as smart order routing, best execution, algo trading, market making and request for quote.”