AllianceBernstein selects Glue42 for workflow optimisation

The move underscores increasing move away from legacy tech by asset managers

by | May 20, 2022 | bobsguide

US asset management firm AllianceBernstein has selected workflow optimisation platform, Glue42, to organise trader interface into a collection of micro applications for more efficiency and better experience.

The partnership enables AllianceBernstein engineers to build a framework that integrates and delivers apps in real time, while pushing new features to its traders without disrupting the business.

Traders will be able to access multiple applications and data in one desktop, reducing the need for multiple screens to monitor apps and review orders.

AllianceBernstein offices in Nashville and New York are already using Glue42, with tax traders and portfolio managers next in line to utilise the desktop tool.

“The initial rollout has already demonstrated tremendous efficiency gains,” said Tim Morbelli, senior vice president, head of emerging markets and municipal trading at AllianceBernstein.

“The Glue42 platform has taken the complexity out of integrating desktop, web, and third-party apps, giving flexibility to our engineers and quality assurances team as to how we develop, test, and distribute our applications, all while providing a cohesive experience regardless of who developed the app.”

“More so, we can now push notifications to traders without a specific app having to be present on their desktop, which allows them to focus better on execution.”

AllianceBernstein’s collaboration with Glue42 builds on its ongoing ventures into technology to improve its trading capabilities.

Earlier this month, the investor group acquired Suzugia, an AI-powered investment data analytics company, in a bid to offer institutional and retail clients systematic investing approach leveraging AI and natural language processing capabilities.

In January, AllianceBernstein partnered with US SaaS group, Vestmark, to facilitate AllianceBernstein’s in-house municipal technology AbbieOptimizer to connect with major custodians and their registered investment advisor clients to get accurate tax-lot data for efficient trading and optimisation.

Asset managers invest in workflow optimisation tools

Other major players in the asset management industry have also adopted similar approaches to AllianceBernstein, seeking out technology partners to optimise their workflows.

In Canada, CI Global Asset management onboarded investment sales platform CapIntel’s technology for streamlined access to fund comparison and analysis tool for personalised proposals to prospective clients.

Beyond partnerships, financial heavyweights are also building their own technologies in-house to provide workflow optimisation to clients.

More recently, RBC launched a new unified technology platform, RBC Nexus. Independent broker-dealers and registered investment advisors will be able to execute all businesses with RBC Clearing and Custody in RBC Nexus without the need for multiple applications.

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