Electronic trading tech provider Adaptive has expanded its ‘Operate’ offering to a round-the-clock service and opened its first office in Asia.
Matt Barrett, Adaptive CEO and co-founder, said, “We are seeing financial services institutions increasingly offering 24/7 services in response to client demand and shifts in market structure. The move to the cloud has also intensified among capital markets firms, attracted by the cost efficiency, resiliency, scalability and flexibility it provides.”
Operate allows Adaptive clients to outsource technical market and platform operations, potentially cutting costs and supporting service. The managed service and support offering includes cloud infrastructure management, application maintenance, technical support and active monitoring and reporting.
The expansion of Operate’s offering to a round-the-clock service is supported by the opening of Adaptive’s first office in Asia, complementing the firm’s existing offices in London, New York, Barcelona and Montreal.
Cassie James, Adaptive’s Operate delivery and transformation manager, will be relocating to the new office, based in Manila, Philippines, and taking on responsibilities as the country director to oversee the office operations. James said, “The new office will enable us to provide continuous services to our existing, global clientele as well as expand our client base across the Asian region.”
The expansion of Operate and the office opening follows a period of rapid growth for the firm, with an overall headcount increase reported at 19% over the past 12 months.
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