SAPHYRE
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months .” Besides this , the company has also been striving to improve the intelligence of its platform and building awareness . Gabino adds , “ I think the firms that we ' re dealing with today understand the value proposition and benefits we bring to pre- and post-trading .”
Since it was founded in 2017 , Saphyre has been committed to eliminating manual processes in pre-trade activities . It ’ s a point on which the company has been “ evangelical ” because , Stephen says , the
“ We ' ve been trying to get people to think about how to do things in the pre-trade space differently ”
STEPHEN ROCHE PRESIDENT , SAPHYRE problem is rooted in culture as much as technology . “ We ' ve been trying to get people to think about how to do things in the pretrade space differently . Traders want to fix failures or mismatches in post-trade and that ’ s generally where all the investment goes . Saphyre is telling everybody , ‘ Hey , if you just set things up properly in the pretrade space , we can reuse that information during trading and post-trade .’” Essentially , the company believes in a ‘ measure twice , cut once ’ philosophy that emphasises integrating important protocols and safety measures in the first instance .
Stephen hints that Saphyre ’ s exploration of the post-trade space is about to yield some truly groundbreaking results for institutions . Until these are revealed , however , Saphyre will continue to break down the silos ( or “ fiefdoms ” in Gabino ’ s words ) that make trading the reserve of a privileged few . “ The key difference is that previously we ' ve been talking and evangelising , but
28 July 2021