Matrix Applications is a New York-based fintech service bureau that offers a suite of collateral management, margining and clearing systems for institutional fixed income trading and equities securities lending. We are a team of capital markets and systems professionals delivering financial technology solutions to institutional firms since 2000. We work hands-on with our clients to identify an optimal mix of services to best fit their needs, from systems to back-office operations assistance.
With in-house and offshore developers, we provide our clients with the right solution at the right price. Comprised of industry veterans and financial professionals, we leverage our extensive technical experience, a deep network across the finance industry and a team of ops, regulatory and legal gurus to deliver bespoke managed services for firms big and small.
Matrix Applications is a wholly-owned subsidiary of South Street Securities Holdings, Inc.
Matrix is established to service its affiliated companies with fixed income trading technology and back-office solutions.
Matrix expands from servicing only affiliates, to supporting an external client base, including one of the largest US-based clearing banks and a UK-based bank. Matrix also introduces its Managed Services for the back-office.
Matrix develops MarginCalculator to offer a simple solution to the complex problem of margining forward-settling TBA transactions for compliance with FINRA Rule 4210.
Matrix acquires ReadQ Technologies and welcomes them into the family, expanding its offerings to include QTIX, a multi-asset trade processing system.
Matrix rebrands QTIX to ‘Elevate’ in addition to adding Next Generation (NG) enhancements and functionalities to the system.
Matrix’s parent company, South Street Securities Holdings, secures $90 million in capital from BlackRock and BC Partners, allowing Matrix to further accelerate growth.
Matrix Applications has fostered a culture of smart growth and financial strength,
driven by our core values.
We embrace the fact that no business is the same which is why Matrix ensures all products are customizable to fit the needs of each and every customer.
Our team understands the importance of listening, evolving and supporting each other to meet collective goals. We view our customer relationships as partnerships because their success is our success.
We believe in what we do and are dedicated to providing exceptional customer service and cutting-edge financial technology to help our clients meet their goals.
Matrix has high-availability data centers in New Jersey and Illinois. The infrastructure is fully redundant: dual carriers, redundant ISP’s, clustered server farms, near real-time replication on next generation security appliances. Services include communications, database administration, server maintenance, firewalls, information security, data backup, and user access, among others.
Our primary data center adheres to and follows a strategy of sustainable environmental policies with notable highlights including: