Press Release

BornTec had an incredibly successful year in which we achieved significant growth and development. The company was able to attract a large number of new clients, which helped to increase revenue significantly. This growth was due to the company’s commitment to providing excellent service and developing innovative solutions to meet the needs of their clients. The company’s dedication to customer service was evident in their continued success in attracting new business.

In addition to our success in attracting new clients, BornTec also made significant progress in furthering the development of Surveillance Compliance and Regulatory Reporting. These are two critical areas for the financial services industry, and BornTec’s commitment to improving our solutions in these areas has helped them to become a leader in the industry. The company’s focus on innovation and technology has allowed us to develop solutions that are both effective and efficient, which has helped gain a competitive advantage over competitors. Overall, BornTec’s successful year can be attributed to the focus on customer service and innovation, which has allowed them to grow and develop in a challenging market.

Recently, BornTec implemented its CrossCheck FIX Hub and data software solution for PhillipCapital UK. This implementation, along with other technology integrations, are part of PhillipCapital UK’s strategy to continue building out its institutional tech infrastructure and pushing towards becoming the UK gateway to the Asian markets. 

As a way to provide more information to their audiences, BornTec CEO Derek Haworth and Jon Regan, CEO of PhillipCapital UK, recently discussed how the two companies complement each other and the benefits that PhillipCapital UK clients will see. The highlights of their conversation are below:

Derek: Jon, I’m glad we could get together today and chat through this new working relationship. Can you start us off by giving a brief description of PhillipCapital UK?

Jon: Likewise. PhillipCapital UK is a London-based member of the PhillipCapital group of companies, headquartered in Singapore. We are a full-service broker offering a full range of services to retail, HNWI, family office, corporate, and institutional clients. PhillipCapital provides our clients with execution and clearing services across a variety of asset classes including exchange-traded futures and options, base metals, FX, and CFDs.

Derek: What brought you and your team to BornTec and our software solutions?

Jon: We were looking for a vendor that could become a long-term partner as we continue our technology infrastructure buildout. PhillipCapital is a technology-focused firm and BornTec was identified as a company that could keep pace with our growing and changing technical needs. We were also looking for a vendor with the agility that our customers demand in order to deliver on short notice.

Derek: We quickly recognized that the integration agility and flexibility you require are an ideal match for our technology stack. As we have all come to find, the future of our businesses is real-time hyper-connectedness, and consequently, if you can’t integrate, you can’t innovate. Our centralized hub for normalizing and distributing real-time post-trade data enables the speed of delivery that you and your customers require. Plugging new applications or customers into the data hub will be seamless. 

In your view, why is now the right time to join together? How will this implementation help streamline processes for PhillipCapital UK and its clients?

Jon: PhillipCapital UK has recently undertaken several initiatives to build out our infrastructure, invest in technology, and grow our product and services offerings. Of course, this is all with an eye to servicing our customers in a more effective way and providing them with best-in-class solutions. We believe that our technology offering, combined with our Asian market coverage through our parent company, Phillip Capital Pte Ltd., gives us a strategic advantage in the institutional space. 

Jon: Speaking of the space, I know you guys keep a close eye on industry trends. I’d be curious to hear about some of the trends you are seeing in the industry right now.

Derek: I think the pace of regulatory enforcement will definitely continue, and probably accelerate, in the coming years. We see this happening today from traditional oversight bodies such as the CFTC and FCA, but we’ve also seen a marked increase in exchange-issued fines and enforcement actions. There’s also the continued trend of vendor consolidation at banks and brokerage houses. And then lastly I’d note that we are seeing a strong interest in the area of post-trade data analysis and monetization. We’ll certainly keep watching to see how these trends pan out.

What’s the future looking like for your team in the UK and as a whole?

Jon: Our main focus now and in the near future is to continue to grow the business — particularly on the institutional side — and the CrossCheck solution is surely playing a major role in that. 

Derek: And, we’re thrilled to be a part of that journey, Jon. Thanks for taking the time to chat today. Looking forward to many more of these!

Jon: The feeling is mutual, Derek. Yes, a great chat and a bright future ahead of us.

To learn more about PhillipCapital UK, please visit https://www.phillipcapitaluk.com/. 

CHICAGO–(BUSINESS WIRE)–BornTec, a software solutions provider for trade data analysis and reporting, today announced the signing of a reciprocal distribution agreement with CapitalMarkets.Technology, whereby CM.T will resell BornTec’s products in Germany, France, Switzerland, and the Benelux and Nordic regions, and BornTec will resell CM.T’s products and services in the Americas region. The partnership will provide both firms a broader geographic reach to transcend their primary markets, with boots on the ground and the ability to sell to and support the nuances of local markets in their respective languages.

“We believe our new and innovative F-I-X offering, combined with BornTec’s stellar reputation and customer reach, will facilitate rapid growth of our solutions in the region.”

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The product stacks for both companies are also highly complementary, with similar buyer personas for each. BornTec launched its rebuilt flagship product, CrossCheck, last year, providing normalized real-time post-trade data integration to enhance users’ risk and compliance efforts. CapitalMarkets.Technology empowers their customers with F-I-X, a trading-centric platform built on hybrid-cloud technologies with a number of enterprise-grade business solutions. CM.T’s F-I-X platform disrupts incumbent FIX routing technology, increasing value through a flexible, agile, and cost effective connectivity offering, with business solutions that offer many other benefits related to connectivity, trading, and integration.

“We believe there is a great need in the regional markets served by CM.T for best-in-class trade surveillance, regulatory reporting, and post-trade data analytics software, and BornTec can fill that gap,” said Peter Mott, V.P. Global Head of Sales for BornTec. “Having had a long and positive relationship with the management team at CM.T, I am confident that this endeavor will create benefits for years to come, both for our companies and especially for customers who will be able to leverage the combined offering of platforms.”

“We are looking forward to working together with BornTec,” said Anders Henriksson, Partner at CapitalMarkets.Technology. “We believe our new and innovative F-I-X offering, combined with BornTec’s stellar reputation and customer reach, will facilitate rapid growth of our solutions in the region.”

In addition to this partnership, BornTec has also hired Dave Sellen as a sales consultant. Sellen is a former user of BornTec’s CrossCheck technology during his time in European e-Futures Sales & Solutions at Wells Fargo, and is well-versed in the applicability of CrossCheck to the FCM, broker, and bank community. Presently based in the APAC region, Sellen will help BornTec continue to bolster its reach to a global customer base.

About BornTec

BornTec, a software solutions and technology infrastructure provider for the capital markets, helps firms harness the power of their trading data for processes such as trade surveillance, regulatory and audit trail reporting, and market abuse and disorderly market condition monitoring. Its flagship product, CrossCheck 2 (CC2), facilitates the smooth transfer of financial information from almost any source to a single data warehouse. From there, a globally comprehensive picture emerges in real-time, enabling customers to achieve more efficient and informed analyses.

About CapitalMarkets.Technology

CM.T is on a mission to disrupt the value chain for buy- to sell-side and execution venue order flow across all major asset classes. CM.T provides the F-I-X platform that comes with a complete set of order flow related business solutions targeted at the enterprise. The company was founded by a group of experienced professionals and entrepreneurs with strong, diverse backgrounds throughout the Capital Markets vertical. CM.T’s well-rounded leadership team has extensive experience from previous senior roles at buy-side and sell-side vendors as well as working directly for major players on the buy-side, sell-side and with exchanges.