Virtus, a provider of tailored fixed-income services, has launched Virtus Trade Settlement (VTS), which delivers unprecedented settlement times for primary/secondary trades in the four trillion dollar loan market.
The launch of VTS follows on the acquisition of Trade Settlement Inc.
Virtus is launching VTS to meet a dramatic need in the market for efficient loan trade settlements, most evidently shown through the reduction of settlement times. VTS represents the powerful combination of Virtus’ advanced technology and TSI’s unique loan settlement capabilities. VTS provides market participants with unprecedented settlement times through speed and efficiency in settling primary/secondary trades. VTS delivers substantial ROI to sell-side firms and is offered as a complimentary service to the buy-side. The new VTS platform features a streamlined, intuitive interface and tight integration with the overall Virtus platform for enhanced straight-through-processing.
“Agent banks, originators and other market participants historically have not had a choice when it comes to loan settlements,” says Rob Tomicic (pictured), Partner and Co-Founder of Virtus Partners. “Virtus Trade Settlement is breaking new ground by providing the advanced settlement capabilities and speeds that participants have been actively searching for.
Virtus has always pioneered new standards in the credit markets. With the introduction of VTS, we are changing the game by dramatically reducing loan settlement times.”
