Matrix Applications, LLC is pleased to announce that Loop Capital Markets, LLC has selected Matrix as a key strategic partner and provider for a variety of technology and outsourcing services.
Loop Capital is leveraging this partnership to support the growth of its U.S broker dealer business. The firm will utilize Matrix’s premier multi-asset trade processing platform, Elevate. Formerly known as QTIX, Elevate has upgraded to Next Generation (“NG”) deployments and a modernized user interface. By utilizing Elevate, Loop Capital is able to redeploy internal resources to new strategic growth areas.
“Our partnership with Matrix Applications is a testament to our belief of introducing leading-edge technology to enhance the value we deliver to our clients,” commented Michael Santoro, Managing Director of Loop Capital. “Beyond the technology Matrix provides, their customer service is unparalleled. Matrix stands out because their experienced team truly understands the challenges for a broker-dealer start-up and what it takes to be successful.”
With Matrix’s fixed income and equities securities lending platform for the front-to-back-office, Loop Capital now joins the firm’s growing list of customers benefiting from the 20+ years of business, finance and technology built into its systems.
“During our search for a strategic partner, the Matrix Applications team demonstrated the best-in-class technology and operational solution to meet Loop Capital’s specific requirements,” said Jim Reynolds, Chief Executive Officer of Loop Capital. “The Matrix team’s shared commitment to opening opportunities for DEI firms coupled with their extensive industry expertise were significant factors in our decision to implement their Elevate platform for post trade processing and support.”
Loop Capital is a client-focused, full-service investment banking, brokerage and advisory services firm that provides creative capital solutions for corporate, governmental and institutional entities worldwide. It is a minority-owned business and Matrix Applications values diversity and inclusion in the capital markets.