Prime broker Forte Securities selects Profile's Axia for investment and custody operations

London-based Prime Broker Forte Securities has selected Profile Software's Asia platform for its investment management and custody operations.

The company was formed in 2008 as a brokerage business, specialising in Equities, Fixed Income Bonds and Equity Derivatives. The quality and success of Forte Securities’ institutional distribution business model have enabled it to adapt and expand rapidly since the company’s inception. Forte Securities has continued to expand year-on-year by introducing new and innovative business lines, which contributed to becoming a premier European financial services firm. Forte Securities has offices in major financial centres including Monaco, Sydney, and Geneva, among others. The company is focusing on technology investments and innovation building solid business relationships. The expanded portfolio of services includes prime brokerage, agency trading, clearing, forex, fixed income, etc.

Following an international evaluation, Forte Securities selected Axia as the core system for its custody services offering. Axia will be used to streamline safe-keeping and custody operations, providing fees calculation and controls like automated reconciliation and reporting processes, that ensure accurate record-keeping and regulatory compliance. This will enable Forte Securities to provide easy global markets’ access to its international client base. Axia will be used to efficiently manage cross country operations, with the key objective to deliver an exceptional client experience.