Forte Securities picks Profile Software’s Axia
London-based primer brokerage firm, Forte Securities, has selected Profile Software and its Axia system to power its custody services operations.
Profile says Axia was chosen following an “international selection”
According to the vendor, Axia will streamline safe-keeping and custody operations. It will provide fees calculation and controls like automated reconciliation and reporting processes.
Forte Securities was founded in 2008, and specialises in equities, fixed income bonds, and equity derivatives. The firm has offices in Monaco, Sydney and Geneva.
The system selection followed an “international evaluation”.
Other users of the Axia system include 7Q Financial Services, MADA Capital, and Arrow Capital.
Profile Software went live with FMS.next and RiskAvert at UK-based Allica Bank earlier this month.
The two systems are live on Microsoft Azure, “a critical component” of the bank’s architecture.
Related: Northern Trust to deploy BlackRock Aladdin in new partnership
