Winner – Energy Risk Awards 2023 – One to watch

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We are delighted to share the news that at the Energy Risk Awards 2023 in Houston, Orchestrade received a very special award.

Energy Risk sees the potential for Orchestrade to be very disruptive in the E/CTRM tier 1 software space and wanted to recognize that in this year’s awards. This year they ran a “One to watch” award and have given this to Orchestrade.

“The Energy Risk Awards are highly prestigious and recognise excellence across global commodities markets. This is great validation that the market is starting to take notice of the fantastic product the Orchestrade team has built and our ability to challenge the legacy ETRM market” said Dale Emmerson, Global Head of ETRM for Orchestrade.

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Winner – HFM European Services Awards 2023 – Best risk management technology

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We are proud to announce that Orchestrade was the winner of the “Best risk management technology” category at the With Intelligence HFM European Services Awards 2023 held to recognize hedge fund service providers demonstrating exceptional client service, innovative product development and strong and sustainable business growth.

These prestigious awards have a rigorous judging process, based on the views of a panel of leading hedge fund COOs, CFOs, CCOs, GCs and CTOs, ensures that the Awards stand out from the crowd as the ones the big providers really want to win, and recognise those driving up service standards across the sector.

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AFL deploys Orchestrade to achieve next level of growth

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Agence France Locale (AFL), the unique French local government funding agency owned by French local authorities, has today announced it has completed deployment of Orchestrade, the leading modern, cross-asset, front-to-back trading and risk management platform, to lower its operational risk and improve its overall trading and risk management.

AFL is a unique public sector company, which aims to help French local authority funding in the best way possible at the most competitive price. As part of its growth trajectory, AFL wanted to invest in a new financial software package to increase efficiency, reduce costs and achieve its business objectives.

AFL therefore required a single, scalable, modern platform to handle front, middle, risk, operation, and back office, and also be able to meet its specific trade capture and risk management needs. AFL needed a front-to-back solution with a visualized loan process, including acquiring loans and hedging them as they go to market. Selecting the right platform was a significant challenge, and a risk, for AFL, as the system would underpin its existing operations and be vital to enable AFL to continue to grow.

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After consulting various software publishers, AFL chose Orchestrade. “Orchestrade’s strengths were its ability to understand AFL’s technical needs and to propose a solution with a competitive quality-price ratio. The platform’s standard functional coverage was good, as well as Orchestrade’s willingness to develop missing interfaces during the project, working alongside AFL’s business and IT teams,” confirmed Olivier Roullé, AFL General Secretary.

Despite the Covid crisis requiring all work to be done remotely, the project continued as planned. Orchestrade delivered portfolio profit and loss analysis and monitoring, alongside asset liability management using behavioural assumptions and new production forecasts, in line with FR-GAAP and IFRS9 accounting metrics. AFL now also uses Orchestrade for treasury optimization to ensure profitability and for its lending processes.

“Following the example of our Nordic counterparts, we are changing our market operations management module for a more suitable front-to-back and asset liability management software package, so we can optimize and secure our processes and develop future new possibilities, such as new products,” according to Thiebaut Julin, AFL’s Chief Financial Officer.

” We at Orchestrade are proud of the role we are playing in helping AFL accomplish its specific mission. With a rich and smart interaction between the different teams involved in the project, we have created a flexible and enhanced user experience, with world class customer support, using cloud-based architecture. Developing and delivering a managed service offering, which met AFL’s specific challenges really showed the breadth, stability, and flexibility of our technology platform. That we could do it in the way AFL wanted and needed gives us a real sense of pride and of a job well done for our client,” said Jean-Daniel Morfin, Head of Product Management at Orchestrade.

About AFL

“The Company’s mission is to embody a responsible finance to strengthen the local world’s empowerment so as to better deliver the present and future needs of its inhabitants.”

By creating our bank, the first one we own and manage, we, the French local authorities, have decided to act to deepen decentralization. Our bank, Agence France Locale (AFL), is a financial institution unlike any other. Created by and for local authorities, it aims to strengthen our freedom, our ability to develop projects and our responsibility as local public bodies. Its culture of prudence spares us from the dangers of complexity and its governance from a downward slide of conflict of interest. The main objective is to provide the local world with access to cost-efficient resources, under total transparency. We are driven by the principles of solidarity and equity. We are convinced that together we go further. We decided that our institution would be agile, addressing all types of local authorities, from the largest regions to the smallest municipalities. We see profit as a means to maximizing public spending, not as an end goal. Through AFL, we support a local world committed to take up social, economic, and environmental challenges. AFL strengthens our empowerment: to carry out projects in our territories, today and tomorrow, to the benefit of our inhabitants. We are proud to have a bank whose development is like us, more responsible and sustainable. We are Agence France Locale.

www.agence-france-locale.fr

Best sell-side middle office platform – Waters Sell-Side Technology 2023

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We are proud to share the news that Orchestrade has received this award from such a highly reputable publication recognising the power and capabilities of our cross-asset platform for banks.

“Orchestrade wins its first ever WatersTechnology award by taking home the perennially competitive sell-side middle-office platform category thanks to its eponymous offering. The Orchestrade platform features trading, operations, and risk management functionality designed from the outset to be asset class- and business function-agnostic. It features adaptive workflows providing reconciliation, P&L monitoring, product control reporting, trade exception management, trade lifecycle management, and collateral management.”

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New London Office

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We are delighted to share that the Orchestrade London team has moved into a larger and more modern office at 74 Coleman Street in The City, just by London Wall and Moorgate.

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EZOPS and Orchestrade Announce New Channel Partnership to Advance Reconciliation, Data Migration, and Better Customer Experience

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Data Automation Company to Expand Client Servicing by Partnering with Trading and Risk Management Platform

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EZOPS, the leading provider of AI-enabled data control, workflow automation, and regulatory reporting platform, announced today its channel partnership with Orchestrade, a leading modern, cross-asset, front-to-back trading and risk management platform for banks, asset managers and hedge funds. The collaboration will offer a broad range of solutions that provide end-to-end integration and post-trade data automation.

The EZOPS and Orchestrade channel partnership will offer the market an economical and comprehensive answer for more efficient data migration. EZOPS’ adaptive and intelligent platform will allow operations user to monitor, change, and track the data lifecycle from onboarding to break management and resolution to reporting. With prebuilt integration into Orchestrade, trade data is seamlessly transformed and prepared for reference data checks, NAV calculations, derivatives settlement confirmation, or any other mission-critical operations tasks downstream.

“Here at EZOPS, we recognize the industry’s need for a new approach to manage and apply post-trade data for various requirements and we are very excited to be partnering with Orchestrade in order to do that,” said Dutt Chintalapti, Co-founder & COO at EZOPS. “Even today, data operations are processed on rigid and aging reconciliation systems that weren’t designed to fully service and adapt to the constantly changing requirements of today’s asset management firms. The concept of post-trade isn’t just limited to reconciliation as most heavy lifting happens before and after recon is complete. This is why many investment operations, big and small, are left to choose between internally built and maintained tools, or outsourced operations.”

The EZOPS ARO platform was designed to integrate with sophisticated financial software firm such as Orchestrade. The unique platform has self-service reconciliation, workflow and reporting modules, AI-driven prediction, analytics capabilities, and process automation features that allow clients to enhance and automate operationally intense and time-critical processes. EZOPS’ low code framework makes it easy for users to automate the source of most inefficiencies and manual data quality remediation, paving the way to automating repeatable tasks throughout the data lifecycle and delivering value at scale.

The EZOPS platform incorporates machine learning to eliminate time consuming and complicated processes associated with the manual nature of financial data. With multiple years of experience in Capital Markets for the Buy and Sell side, the data automation platform delivers a sturdy, flexible solution to supply reliable and actionable information.

“This partnership allows our clients to seamlessly access EZOPS’ industry leading AI-enhanced capabilities for data analysis and reconciliation. The interoperability at the heart of the Orchestrade system enables us to deliver the widest range of data connectivity with end-to-end consistency. So our users can truly benefit from real world operational efficiencies.” adds Gordon Chan, Orchestrade General Manager.

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About EZOPS

EZOPS harnesses the power of machine learning and intelligent process automation to revolutionize data control and drive transformative efficiency gains at some of the world’s largest financial institutions. EZOPS offers comprehensive functionality that businesses of large scale and complexity need to manage the five pillars of operational data control – reconstruction, reconciliation, research, remediation, and reporting – all powered by machine learning and smart workflow management. EZOPS operates globally with offices in the U.S., Europe, and Asia.

ENGIE “Global Energy Management & Sales” extends use of Orchestrade to B2B/B2C supply and PPA activities

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ENGIE’s business entity “Global Energy Management & Sales ”, that optimizes the Group’s assets portfolio including electricity, renewable technologies, natural gas, environmental products and bulk commodities, while developing an external supply franchise worldwide, announces the successful implementation of Orchestrade for all its B2B/B2C sales, power renewable assets activities, certificates trading.

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