IWL Limited has secured another three-year agreement with BT Wrap for the provision of its equities trading and portfolio management platform — Echelon Portfolio.
According to IWL, the extended three-year deal will see Echelon Portfolio continuing to invest in developing the services available to BT Wrap, with BT continuing to manage the primary user interface, transaction capture and reporting while IWL manages the processing functions including share trading, settlement and clearing for third-party trades.
Commenting on the extension of the agreement with BT Wrap, IWL chief executive Otto Buttula said it vindicated his company’s decision to focus on other product development initiatives in both its portfolio and wholesale broking business units.
