Expertise - Autilla

Financial Technology Development

Autilla designs, builds and operates cutting-edge technology solutions for the Commodity, Bullion and Metals markets. Our team of experts provide a comprehensive analysis service to review, assess, scope and build the financial technology solutions required for your organisation.

Our developers have a comprehensive portfolio of experience including but not limited to:

Web development using:
- HTML5 with React / Redux / WebPack
- Long running, single-page apps
Server development using:
- Java
- Spring Boot
- Threads
Finance / trading system experience

Market Solutions

Autilla combines its expansive knowledge of commodity market trading together with a team of highly skilled developers with expertise encompassing real-time trading/messaging, sophisticated front-end and back-end development.

Our projects involve a comprehensive market/product analysis to developing pioneering solutions taking out-dated solutions into the future.

From pre-trade transparency to post-trade reporting, our trading and technology solutions are designed to align with regulatory direction. This encompasses front-office order management, trade processing and post-trade reporting – delivering the necessary functionality for back-office, risk and compliance functions.

Trade and transaction reporting

One of the recommendations from the Fair and Effective Markets Review (FEMR), published by the Bank of England, Financial Conduct Authority and HM Treasury in June 2015, was to improve transparency in the financial and commodity markets.

The London Bullion Market Association (LBMA), the international trade association that represents the wholesale over-the-counter (OTC) market for precious metals, has since taken significant steps towards creating a more transparent marketplace.

One way in which the LBMA wants to improve the transparency in the market is by revealing the real size and liquidity. In order to achieve this, the LBMA released an RFP in 2016 with the aim of finding a technology partner that could deliver new services to the precious metals market and in doing so improve transparency, efficiency and expand the technology requirements in the market.

In October 2016, the LBMA announced Simplitium, in a joint submission with Autilla, as the chosen provider for the transparency project.

Autilla has developed the technology which underpins the LBMA-i, a centralised trade reporting service for London Bullion Market Association members.

It was formed in direct response to demand for a simplified, cost-effective reporting service that improves transparency, generates liquidity and meets regulatory demands.

LBMA-i will introduce post-trade transparency for Gold, Silver, Platinum and Palladium products.

The transparency that the LBMA-i has introduced is creating a more accurate picture of the size and shape of the market; promoting transparency for existing and potential investors; and stimulating confidence in the liquidity and efficiency of the OTC market.

“This is an innovative and dynamic technology combination and as such are an excellent fit to deliver the services and infrastructure requirements on behalf of the precious metals market.” Ruth Crowell, Chief Executive of the LBMA.

For more information see LBMA-i.com

Material provenance

Autilla is developing a permissioned distributed ledger solution which can replace many of the paper-based and disconnected processes with one that is automated and transparent. This results in lower operating costs in all aspects of the trade and custody cycle.

Our permissioned environment is highly secure, with encrypted personal and geographical data built-in as standard. This will allow only trusted and vetted members to transact with each other and benefit from access to secure, anonymous data records as the database grows.

Creating a permissioned distributed ledger involving banks, refineries, miners and carriers vastly increases transparency in the commodity market and reduces risk of default or intentional fraud by:

Confirming the existence of underlying assets
Offering consumers choice on the point of origin
Creating an authoritative and secure record of ownership
Creating a distributed platform for tracking
Improving mining practices
Increasing visibility of material provenance
Offering a means to avoid resources derived from illegal, criminal or human rights abuse practices.

The Company we keep

To compliment and further strengthen our technology, we collaborate

with the following technology providers.

Cinnober Financial Technology

Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers.

Its solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility.

Cinnober’s customers include BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, Eurex, London Metal Exchange, LME Clear, Markit BOAT, MarkitSERV, NYSE Liffe and Stock Exchange of Thailand.

Simplitium

Simplitium was established in 2007 and provides regulatory compliant transparency services under MiFID II and MiFIR.

Simplitium offers an easy and cost-efficient way for MTFs, SIs and investment firms to comply with the new transparency obligations, comprehensive OTC Trade Reporting and data services, as well as sophisticated trade surveillance, crossing and portfolio risk management solutions.

OpenFin

OpenFin are accredited market leaders in the provision of financial desktop applications, and is used by the world’s largest financial institutions and trading platforms to deploy desktop applications both in-house, and to their buy-side and sell-side customers.

Amazon Web Services

Amazon Web Services offers secure cloud computing technology web hosting solutions that provide businesses, non-profits, and governmental organizations with a flexible, highly scalable, and low-cost way to deliver their websites and web applications.

Equinix

Equinix connects the world’s leading businesses to their customers, employees and partners inside the world’s most connected data centres in 44 markets across five continents.

Rackspace

Rackspace is the largest managed cloud services and hosting provider, and is used by thousands of organisations around the world, including global enterprises and more than half of the Fortune 100.

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