DriveWealth Bolsters Connectivity for Institutional Broker-Dealers, Enhancing Global Reach and Operational Efficiency

Barchart · 10/17 08:00

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today 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 can connect with DriveWealth’s platform and benefit from streamlined trade booking, reduced integration times, and seamless access to advanced features.

“Our goal is to make it turnkey for any institutional broker-dealer to connect to DriveWealth’s existing technology stack without modifying existing systems or infrastructure,” said Aaron Sokasian, Chief Technology Officer at DriveWealth. “With improved connectivity, brokerage firms can experience superior execution quality and extended trading capabilities at a competitive price, all while utilizing the platforms they are already familiar with and lean on every day.”

DriveWealth’s collaboration with EMS providers will enable its partners to access features such as its industry-leading 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 new integrations empower DriveWealth to streamline and reduce integration times for its partners. The company has seen rapid adoption recently in Korea with the onboarding of nearly 10 broker-dealers, including NH Investment & Securities. Several newly 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.

“In partnering with DriveWealth, we have found the integration with their platform to be smooth and efficient,” said Yongsuk Jun, Chief Technology Officer at NH Investment & Securities. “The reduced setup time and improved connectivity have proven beneficial for our trading processes, enabling us to better serve our institutional investors with more and improved features.”

Founded in 2012, DriveWealth’s technology platform allows established companies and emerging digital-native firms to provide securities trading to their clients efficiently and in a compliant fashion. In addition to its patented fractional trading and Brokerage-as-a-Service API technologies, DriveWealth has a fully featured institutional trading capability that includes order routing, clearing, custody, stock loan, enhanced liquidity and NYSE Floor execution.

About DriveWealth:

DriveWealth is a global B2B financial technology platform. Our 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 our partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership. www.drivewealth.com.