ETNA Trader integrates with InteliClear LLC to offer innovative trading and post-trade processing solutions

Boca Raton, FL, July 25, 2024

ETNA Software Corp., a leading provider of white-label trading platforms and APIs, today announced an integrated solution with InteliClear LLC, an innovative supplier of post-trade correspondent, omnibus, and self-clearing software solutions, designed to meet the challenges of today’s rapidly evolving trading markets. This integration empowers ETNA clients to leverage InteliClear’s robust real-time post-trade processing capabilities, streamlining workflows and enhancing operational efficiency.

About ETNA Software Corp.

The US-based company, ETNA, has a notable history of creating award-winning trading technology for top industry players. Its flagship product, the ETNA Trader, is a white-label trading platform used by leading online brokers, wealth management companies, and robo-advisors. ETNA’s goal is to democratize capital markets technology by providing businesses with the latest trading tools and APIs.

About InteliClear LLC

InteliClear offers a comprehensive modern post-trade solution (PTS) designed for the ever-evolving needs of the securities industry. This real-time, fully integrated system handles middle and back-office clearance and settlement operations, encompassing equities, options, fixed income, and digital assets. InteliClear’s efficient architecture ensures data accuracy and facilitates robust risk management.

Benefits and capabilities through InteliClear integration

The integration between ETNA and InteliClear empowers ETNA clients with a multitude of benefits:

Enhanced scalability and cost savings
ETNA Trader clients can now leverage InteliClear’s scalable architecture, which adapts to growing businesses without requiring costly hardware upgrades. Cloud deployment options further reduce IT infrastructure expenses.

Streamlined workflow and reduced errors
InteliClear’s real-time processing and exception-based reporting tools empower users to identify and rectify errors quickly, minimizing operational disruptions and improving overall efficiency.

Robust risk management
InteliClear’s real-time processing allows for intraday insights into account exposure, margin requirements, and potential market risks, enabling informed decision-making.

Straight-through processing (STP)
InteliClear’s STP capabilities eliminate redundant data handling, minimize manual errors, and ensure seamless trade execution and settlement.

Browser-based accessibility
InteliClear’s browser-based interface provides convenient access from anywhere, enhancing user flexibility and promoting remote work capabilities.

“In today’s fast-evolving financial landscape, eliminating the ‘man in the middle’ for online brokerage is a crucial trend. By integrating with InteliClear LLC, we are empowering self-cleared broker-dealers to offer individual investors better rates and enhanced agility,” said Pavel Arifullin, CEO & President of ETNA Software Corp. – “ETNA Trader platform has a strong DNA of creating clearing-agnostic software, ensuring that our solutions remain adaptable and efficient across various clearing houses.”

“ETNA’s integration with InteliClear’s post-trade processing system will enable various market participants to seamlessly transition from introducing broker-dealer status to either omnibus or self-clearing. Our combined technologies will enhance customer experience and significantly increase market valuation for participants,” said John Paul DeVito, Co-Founder of InteliClear LLC.

This strategic alliance between ETNA and InteliClear provides a comprehensive solution for online brokers and wealth management firms seeking to optimize their post-trade operations. By leveraging InteliClear’s robust functionalities, ETNA clients can achieve greater efficiency, mitigate risk, and focus on delivering exceptional service to their customers.