Polaris Acquires SaaS Software Company IndigoTX

Polaris Software Lab, a financial technology company, has announced the acquisition of IndigoTX, a SaaS company that provides GO TX, an enterprise brokerage solution for the securities market on a pay-per-use model.

The GO TX brokerage platform runs on a GRID architecture providing scalability and performance using commodity hardware platforms.

The GO TX System allows brokers the luxury of a single platform that provides trading in multiple instruments such as equities, derivatives, mutual funds, commodities and currencies, providing access to multiple markets besides integrating the front, middle and back-office functions. The GO TX layered architecture also allows it to integrate Internet access, desktops and other user access devices into a single platform.

A GO TX brokerage customer pays the company on a pay-per-use model. Under this model, the company provides access to all its solutions and technologies by pricing it on a usage basis. GO TX provides continuous updates of its software to its customers. This helps brokerages to focus on their business rather than manage technologies that are constantly changing. This also relieves the brokerage firms from the pressure of continuous capital investments.

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For large brokerage firms, the single, integrated platform of GO TX allows complete control over the span of business operations in real-time. The CEOs of brokerage firms can get a comprehensive view of their trading assets and liabilities in real-time. Brokerage firms will have a better control of their operations on a volatile day deploying the GO TX platform.

For smaller brokers, the GO TX value proposition is accessibility to technologies that typically only large players can afford.

Chandra Balaraman, Founder &CEO, IndigoTX, said, “Our trading platform for brokerages is what ERP is to manufacturing. With proven technologies in place, we needed a partner, who can fuel our growth, and also provide access to various global markets. We are excited to join the Polaris family that has a large reach and reputation as a solution provider to large financial institutions.”