Wedbush Securities will use technology built by Cantor Fitzgerald subsidiary Helix Financial Systems to manage the processing of its fixed income repo portfolio.

Dubbed HelixRepo, the tool helps buy- and sell-side clients with their repo and financing activities, such as real-time collateral management, across products and asset classes.

The platform is designed to provide greater transparency into counterparty activity, enhanced risk management, and improved productivity to the benefit of a company's bottom line.

"Helix made our repo business more efficient and helped manage the risks better. The ease of trade processing saves us incredible amounts of time each day," said Scott Skrym, managing director, fixed income financing, futures, and rates at Wedbush. 

"The built-in risk management features are far better for monitoring trading positions, counterparty exposure, and interest rate risk than any other system I have ever used."

Todd Berlent, head of Helix, added:  "Signing these firms on to our systems substantiates Helix's ability to meet the growing demands of the buy- side community to solve problems that are no longer unique to the more traditional sell-side firms."