DriveWealth rolls out a new multi-asset class OMS built by Adaptive


“DriveWealth was on a mission to provide a personalized trading solution at a time of great change for retail equity trading.”

DriveWealth, the renowned fintech investment rail and pioneer of fractional investing, celebrates the implementation of a new proprietary ultra-low latency trading system powered by Adaptive Financial Consulting.

The fintech giant has ordered the new trading system from Adaptive to meet growing demand in its retail brokerage business and to meet the demands of a growing number of fintechs looking to add trading capabilities to the US stock markets.

Already partnered with over 100 brokers around the world, DriveWealth isn’t backing down anytime soon as it continues to serve millions of traders using the company’s software through third-party retail platforms.

End users have more than doubled over the past year to more than 12 million, DriveWealth reported.

DriveWealth’s new OMS will distribute fractional US stocks and other asset classes

Built using Adaptive’s Aeron Solution Accelerators in close coordination with DriveWealth’s core business team, the new Order Management System (OMS) handles large order volumes and will initially support all in-house orders for split trading of US stocks, with other asset classes to follow.

The Adaptive-DriveWealth partnership has resulted in a well-functioning, ultra-low latency OMS built on the open-source Aeron Transport and Aeron Cluster solutions, the announcement said.

Proprietary Low Latency Trading System Vital for New Era of Retail Investors and Greater Volatility

Harshal Deo, Chief Technology Officer at DriveWealth, said, “Our promise to our global fintech partners has always been to provide them with the best trading technology to access US markets. As retail demand continues to grow, we sought out technology partners who could not only help us strengthen our ability to scale, but also innovate by combining the best proprietary technology with the best vendor solutions available to us. help continue to support the exceptional growth in demand. of our platform. Adaptive and Aeron proved to be the perfect choice.

Donato Cuttone, CEO of DriveWealth Institutional, said: “As retailer participation increases and markets enter a new era of greater volatility, it is essential to have a powerful technology offering that enables us to manage large volumes at high speed. Developing a proprietary low latency trading system with Adaptive not only differentiates DriveWealth from its competitors, but also gives us the ability to scale and operate reliably in a rapidly changing market. Working directly with Adaptive’s team of experts has enabled us to achieve this – delivering a next-generation solution that perfectly meets our partners’ needs and future-proofs our business for the long term.

Fergus Keenan, Chief Strategy Officer at Adaptive Financial Consulting, added: “DriveWealth was on a mission to provide a personalized trading solution at a time of great change for retail equity trading. Through this partnership, our experience in Aeron trading technology and solution accelerators has been combined with DriveWealth’s desire to innovate and push boundaries. The result is a state-of-the-art custom OMS. Adaptive is excited to continue working with the team at DriveWealth to evolve this solution and deliver new workflows using Aeron at its core.


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