Genesis develops Trade Capture Application, FX Prime, in partnership with XP Investments

Genesis Global Technology, a UK capital markets software provider, has launched an application named FX Prime, a trade capture application for foreign exchange and rates trading desks with prime broker integration.

The application captures voice business and streams the trade activity to the prime broker directly; it supports FX options trade capture for single- and multi-leg strategies, as well as FX forwards, FX spot, FX non-deliverable forwards (NDFs), FX swap, FX NDF swaps, and interest rate swaps deals.

The application was developed in partnership with XP Investments on the Genesis low-code application platform (LCAP). XP investments is a US-based subsidiary of Brazilian broker-dealer XP Investimentos, which selected Genesis as its LCAP provider last year.

“FX Prime is further evidence not only of how they understand our FX trading desk requirements but can design, develop, and seamlessly integrate FX Prime with our existing technology stack in less than a month,” said Eduardo Hargreaves, head of FX and rates agency desk at XP Investments, according to The Trade.

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“We have been able to proactively adapt to the changing market requirements and deploy at speed. This delivery capability has a direct impact on our ability not only to serve existing clients but also attract and win new business, and Genesis is most definitely a strategic technology partner for us that adds tremendous value for the firm and our clients.”

The London-based company’s LCAP gained backing from major institutions in recent months. US investment bank Citi is the most recent investment; Citi plans to deploy LCAP for innovation projects.

“Every investment firm is under pressure not only to optimize their operating processes but also to deploy new products and services to clients that are demanding innovation and digital capabilities,” said Stephen Murphy, chief executive officer at Genesis. 

“This is exactly what our LCAP platform is designed to deliver, and we are delighted to be playing our part as XP Investments serves its clients across North America and Latin America.”

Genesis Technology’s Stock Zoomed 128% in the Last Three Years

The interaction between a company’s share price and its earnings per share (EPS) is one way to examine how market sentiment has changed over time.

44% per year EPS growth was found for Genesis Technology over three years, sending the share price higher is higher than the 32% average annual increase in the share price. So it is reasonable to conclude that the market has cooled on the stock.

The total shareholder return (TSR) and the share price return are also important to consider for any given stock. According to Simply Wall Street News, “the TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested.” So generous dividend-paying companies have a higher TSR than the share price return. In the case of Genesis Technology, it has had a TSR of 143% for the last 3 years, which exceeds its share price return, and the dividends paid by the company have thus boosted the total shareholder return.

SOURCE

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