Matrix Applications

The financial technology (“fintech”) industry has experienced significant growth in recent years as technological advances have enabled the development of new financial products and services. Fintech companies leverage innovative technologies to improve financial services. These companies have disrupted traditional financial institutions by offering alternative solutions for activities such as banking and investing.

Matrix Applications (“Matrix”) is one such company serving the capital markets. It is a New York-based fintech service bureau that offers a suite of collateral management, margining and clearing systems for institutional fixed-income and equities securities lending trading.


Matrix Applications is a team of capital markets and systems professionals delivering financial technology solutions to institutional firms since 2000. The company works hands-on with clients to identify an optimal mix of services to best fit their needs, from systems to back-office operations assistance. With in-house and offshore developers, Matrix provides the right solutions at the right price. 

What’s Different

Every day, Matrix Applications abides by its tagline: “We view our clients as partners because their success is our success.”

The team at Matrix understands that every client has unique needs and requirements. As a result, their partnership approach is focused on collaboration and co-creation, enabling them to develop innovative, tailored solutions that best meet each client’s specific objectives and needs. Working closely together fosters trusting, long-term relationships that can lead to mutual growth and success. Matrix works alongside partners to help achieve business goals, improve the overall effectiveness of its solutions, and increase client satisfaction.

Success Stories

Recently, two clients launched new brokers/dealers by leveraging Matrix’s technology and back-office services. Matrix’s technology and back-office services helped both enter the market rapidly. Matrix advised the client, industry utilities, clearing institutions, and regulators as a Service Bureau.

Additionally, Matrix recently upgraded its trade lifecycle and collateral management system, formerly known as QTIX, and has rebranded it as ‘Elevate’. With 20+ years of business and technical logic built in, Elevate is a fixed-income and equities securities lending platform that offers a cohesive front-to-back-office solution for institutional post-trade processing.

The growing Matrix team is deploying Next Generation (“NG”) enhancements to improve the user experience and create an adaptable micro-services architecture to keep up with the changing marketplace. Noteworthy Elevate features include an appealing user interface, enhanced functionality, streamlined workflows, and back-end modernization for extreme efficiency. These improvements help increase the performance and efficiency of the technology, enabling it to be more effective and user-friendly.

“The Elevate rebrand reaffirms Matrix’s commitment to improve our software and services for our customers continuously,” said James Tabacchi, President and CEO of Matrix Applications.

Culture & Innovations

Matrix Applications is at the forefront of capital markets technology and innovation, providing clients with the opportunity to work with cutting-edge technology and engage with an experienced team that is constantly pushing the boundaries of what is possible. Their focus on solving complex problems and providing innovative solutions to the financial industry is both fulfilling and impactful for themselves and everyone they serve. Matrix’s culture is fast-paced and customer-service oriented, which provides a stimulating and dynamic partnership experience for both sides. The Matrix team is growing, along with the company’s prioritization of collaboration across stakeholders.


Matrix Applications recently completed its SOC 2 Type II certification. The audit was performed by Schellman & Company for its TradeBlazer Collateral Management System and Managed Services. This attestation demonstrates the company’s ongoing commitment to the highest data protection and security standards.

Issued by the American Institute of Certified Public Accountants (AICPA), this certification attests to the effectiveness of an organization’s controls related to security, availability, processing integrity, confidentiality and privacy. A leading independent third-party auditing firm did Matrix’s SOC 2 compliance audit and examination in accordance with the standards established by the AICPA. This certification is particularly relevant for organizations that handle sensitive data and want to demonstrate to their customers and other stakeholders that they have robust controls in place to protect that data.

“We are committed to safeguarding the data of Matrix clients, especially given the increasingly critical role of information security in every aspect of our service delivery. Our diligence and forward-thinking approach will not stop here. Matrix will continue to proactively investigate and pursue new ways to upkeep our high-security standards,” said Charles Corbin, Senior Systems Engineer at Matrix Applications.

TradeBlazer’s SOC 2 Type II report was issued with no noted exceptions. This report is a testament to the design and operating effectiveness of controls. As Matrix enters the new year, the team is working diligently to continue their efforts toward strategic information security initiatives.

Comprised of industry veterans and financial professionals, Matrix leverages their extensive technical experience, a deep network across the finance industry, and a team of ops, regulatory and legal gurus to deliver bespoke managed services for firms big and small. With the help of both technology and human capital, Matrix Applications is on a mission to revolutionize the capital markets by making it more secure and efficient.

To learn more about Matrix Applications, go to

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