Genesis partners with XP Investments to launch FX Prime Trade Capture application

Genesis, the global financial markets software firm, today announced it ha partnered with XP Investments, US-based subsidiary of the largest Brazilian broker-dealer XP Investimentos, to launch FX Prime, a trade capture application developed for FX & rates trading desks with Prime Broker integration. 

FX Prime, an enterprise-wide platform, which enables firms to create applications 80% faster than the speed of traditional software development, is built on the Genesis Low-Code Application Platform (LCAP). The application supports FX Option trade capture for both single-leg trades and multi-leg strategies, as well as FX Spot, FX Forwards, FX Swap, FX NDFs, FX NDF Swaps, and Interest Rate Swaps deals.

Eduardo Hargreaves, Head of FX and Rates Agency Desk at XP Investments, said: "Throughout our partnership, Genesis has continually impressed us and delivered modern, high performance applications quickly and efficiently. FX Prime is further evidence not only of how they understand our FX trading desk requirements, but can design, develop, and seamlessly integrate FX Prime with our existing technology stack in less than a month. Since launching our FX desk earlier this year, we have continued to expand our offering beyond FX products to include Interest Rate Swaps. We look forward to continuing to innovate and grow our franchise with Genesis.”

Stephen Murphy, Chief Executive Officer of Genesis, said: "We are immensely proud of our partnership with XP Investments and delighted to deliver yet another sophisticated application built on the Genesis Low-Code Application Platform. We can't wait to see FX Prime put through its paces and to continue working with XP Investments on their forthcoming innovations.”