Quadrant 4 unveils cloud enabled capital markets platform

Marketwire

ROLLING MEADOWS — Quadrant 4 Systems Corporation released its cloud enabled solution platform in the financial services market space for cross-asset trade processing.

Quadrant began upgrading its capital markets technology platform, QFIN, in June 2011 and has completed the full development that will provide a new, cloud-based service for banks, fund and asset managers worldwide.

QFIN platform will provide advanced bond and loan trading capabilities. The earlier versions of the system have been in use at over 50 top global financial firms. The platform was first designed to manage the emerging markets trading business, which developed into a cross-asset platform for debt securities, including bonds, loans and CDS trading. The product will be targeted to a wide market of financial institutions and funds.

“QFIN is a strategic technology development by us that will enhance and expand our solutions portfolio in the financial services market,” said Dhru Desai, chairman of the board. “We are looking forward to leveraging our global development resources and delivery model to accelerate this program and launch our first cloud service. This cloud-hosted SaaS based offering will allow clients and their IT staff to focus on their core business without the overhead of application maintenance, backups and upgrades. It will also provide an affordable alternative to smaller clients.”

Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on financial services, health care, retail, manufacturing and telecommunication industries.