HUB’s platform builds seamless connectivity between data and trading to optimise the investment industry’s operations technology, enabling AI and automation. HUB will continue to enhance the platform to ensure additional solutions are provided through its highly scalable and modular technology architecture.

PIMCO will initially use two key products:

• HUB Trade which manages trades through the stages of their lifecycle and enables connectivity with any market participant

• HUB Data, delivers a stream of governed investment data to support the scaling of PIMCO’s client reporting capabilities

Paul Taylor, CEO of HUB, said: “We are excited to have reached this significant milestone for HUB. HUB’s powerful platform is connecting PIMCO’s data across its post trade and client reporting functions, providing an efficient, data-driven operations infrastructure. This go live represents a fantastic opportunity for the investment management industry to begin the journey of reimagining its operating model.”

Dirk Manelski, CTO of PIMCO, said: “With the HUB partnership we are building our future middle and back-office systems on a common platform with common infrastructure, services and data models. We are also breaking down the arbitrary separation of front, middle and back-office systems and processes that has long created inefficiencies in financial markets.”

HUB’s products are delivered using a flexible, modular approach that lowers entry costs and enables the industry to quickly deliver innovative solutions.