Multi-issuer structured products platform Contineo is launching a new platform based on an internally developed technology design pattern it expects to combat rivals with «years of competitive advantage».
The second version of the Contineo platform is developed on «flexible architecture of microservices all containerized and managed in Kubernetes clusters» – an approach that allows applications to run without being tied to an individual machine.
«It is completely hosted in the cloud and doesn’t require any client side deployment. It offers our clients an open architecture, exposing all services available via standard API transports and formats,» said chief technology officer Franck Lerat in a statement.
The latest platform was developed over two years with an in-house team of expert engineers alongside «best practice development lifecycle on agile and devops model».
High Capacity
The new platform is expected to operate with greater speed and scalability to handle large volumes or ingrate complex products and workflow and according to its chief executive Antoine de Charnacé, volumes are expected to more than double compared to 2019 «despite the unprecedented business dislocation in 2020».
«This new platform will help to accelerate further our growth by reinforcing trusted partnerships with clients and unlocking new opportunities,» de Charnacé added.
Established five years ago, the Contineo platform support real-time pricing discovery, order management and post-trade service of structured products. It traditionally targets product dealers, investment counselors and relationship managers at private banks or wealth managers. Year-to-date, Contineo has facilitated 9 million prices.
