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Metals trader IXM selects Topaz Technology for real time risk management, analytics & order management
London, 10 August 2023

IXM S.A., one of the largest traders of physical non-ferrous metals globally, has selected Topaz Technology to support its Internal Broking desk with real time risk analytics and order management, integrated into their internal systems and 3rd party CTRM.

Topaz is enabling access to real-time, unified, and flexible risk analytics across their trading activity. Their speed of reaction and ability to scale their activity is now greatly enhanced.

IXM also requires an order process and management of derivative orders between different teams, due to increased trade volumes. As well as specific order management functionality, this project will allow their Internal Broking team to use the Topaz platform to report on trades and orders in one place using sophisticated analytics tools.

Selecting Topaz also enables IXM to leverage Topaz Connect (integration management software toolkit), which easily handles integrations with their existing systems, including automatic reconciliations.

Jacques-François Santini, IB Trader at IXM, said: “Having been users of the Topaz platform for a while, we are looking forward to benefiting further from their technology stack and expertise. The Topaz team combine a deep understanding of our business with technical know-how and provide tools which give the desk real-time analytical insights.”

Jon Fox, Topaz CEO, said: “We’re proud of the trust that a leading metals trader like IXM have put into Topaz, allowing our footprint to expand further across their trading desks to provide them with a unified, sophisticated and real-time experience.”

About IXM S.A.:

IXM is one of the largest traders of physical non-ferrous metals and plays a key commercial role at each stage of the metals supply chain, fuelling the energy transition. IXM’s expert local teams provide global coverage for tailored sourcing, risk management, logistics and financing solutions to its wide network of clients in the metals industry.

For more information visit https://www.ixmetals.com/

About Topaz Technology:

Topaz Technology is a software company founded by expert technologists, quants and traders. We help commodity traders and risk managers manage and report on risk across the full spectrum of their trading activity in real-time. The Topaz platform is cross-commodity, fast and scalable, and has extensive analytics capability built in.

For more information visit https://topaz.technology

For further information, please contact:

Jo Finnigan COO – Topaz Technology jo@topaz.technology