Technology
Digital Digest: The Latest Tech News - WealthArc, Pictet

The latest developments in technology products and investments in the UK, the rest of Europe and globally.
WealthArc
WealthArc, a Swiss
provider of automated portfolio management systems for wealth
managers, has launched an automatic trading offering as part of
its software-as-a-service platform. Pictet, the Geneva-based
private bank, will be the first to use the new module, called
Trading via the FIX protocol.
The new module allows users to send buy and sell requests
directly to a stock exchange from the WealthArc platform. As a
result, users don’t need to log into an online banking system or
export Excel files with trading positions. The whole process from
portfolio analysis to placing a trading request takes place
within the platform.
“Introducing trading modules has been the top priority of our
team this year,” Karol Bozykowski, product manager at WealthArc,
said. “We observed significant demand for trading automation, and
we are proud that our team managed to deliver it in such a short
time. Now, we will focus on making it available for assets held
across diverse European custodian banks.”
WealthArc said that its engineers are already working on
extending the trading feature to other custodian banks. The
efforts focus around Switzerland for now as this is where most of
the assets managed by WealthArc’s clients are held, it said.
The company employs over 40 professionals in Zurich, Geneva and
Warsaw and provides its platform to wealth management
professionals in Switzerland, other parts of Europe, Asia and the
US.
To see a recent story about WealthArc, click
here.