DriveWealth, a financial tech platform offering Brokerage-as-a-Service, has recently announced its end-to-end integration with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX.
With these integrations, institutional broker-dealers are able to connect with DriveWealth’s platform and benefit from streamlined trade booking, reduced integration times, and seamless access to advanced features.
DriveWealth’s collab with EMS providers should allow its partners to access features like its fractional trading, auction orders, algorithmic orders, and 24-hour trading capabilities.
The company has also added improved support for partners who leverage telecommunications providers, including TNS, BT Group and Pico, to better establish and facilitate low-latency and point-to-point connectivity to DriveWealth’s infrastructure hosted in Secaucus, New Jersey.
Together, these latest integrations will now aim to empower DriveWealth to streamline and reduce integration times for its partners.
The firm says that it has seen steady adoption recently in Korea with the onboarding of nearly 10 broker-dealers, which reportedly includes NH Investment & Securities.
Several onboarded firms completed setup in under 30 days – a 67% reduction from the usual 90-day timeframe – showcasing the company’s commitment to delivering “accessible trading solutions and top-tier service with minimal disruption globally.”
Established back in 2012, DriveWealth’s tech platform reportedly allows companies and digital-native firms to provide securities trading to clients in a compliant fashion.
In addition to its fractional trading and Brokerage-as-a-Service API technologies, DriveWealth explains that it has a fully featured institutional trading capability that includes “order routing, clearing, custody, stock loan, enhanced liquidity and NYSE Floor execution.”
DriveWealth is a B2B financial tech platform.
As covered, their core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for “digital wallets, broker-dealers, asset managers and consumer brands.”
DriveWealth’s APIs provide partners with a flexible toolkit in order to easily develop everything from traditional investment workflows to innovative techniques such as rounding up purchases into fractional share ownership.
