Commonwealth Bank of Australia selects Beacon Platform, Inc. for trading analytics

CBA’s Quantitative Solutions Group to use Beacon to support its
Global Markets business with sophisticated analytics for the trading and
sales businesses.

NEW YORK–(BUSINESS WIRE)–Beacon Platform, Inc., a leading provider of cloud-based financial
technology platforms, announced today that Commonwealth Bank has
selected Beacon as the new developer platform for the Quantitative
Solutions Group, a part of the Global Markets business within the
Institutional Banking and Markets division. The Beacon platform will be
deployed to dozens of developers and hundreds of business users across
multiple asset classes (Foreign Exchange, Fixed Income, Commodities, and
Derivatives) globally, allowing CBA to provide best-in-class service to
institutional clients with substantial improvements in operational
efficiency.

Commenting on the selection of the Beacon platform, Ryo Shimizu, head of
Asia-Pacific, Beacon Platform, Inc., said, “It’s been an honor to work
with CBA’s exceptional Quantitative Solutions team. Having helped many
clients securely transition to the cloud, we are excited to be a part of
CBA’s next-generation One Cloud initiative and help Global Markets
achieve their goals.” Kirat Singh, CEO, Beacon Platform, Inc., added,
“We are tremendously proud that CBA selected Beacon as their quant
developer platform. We look forward to a long and successful business
partnership that will benefit both CBA and its clients.”

Beacon recently presented its award-winning platform at Finovate Asia
and Fintech Taipei. With a regional office in Tokyo as well as offices
in New York and London, Beacon’s new partnership with CBA affirms the
company as a leading provider of cloud-based financial technology
platforms in the Asia-Pacific region and globally.

About Beacon Platform, Inc.

Beacon is revolutionizing the financial services industry by empowering
our clients’ quantitative developer teams and business users like no
other platform provider. With the Beacon platform, financial
institutions of all sizes can leverage our 20+ years of experience in
building enterprise-scale trading, analytics, and risk management
platforms at some of the most successful financial institutions in the
world. In addition to applications for front and middle office users,
the Beacon platform includes cloud-based, secure sandbox infrastructure,
a full suite of developer tools, and transparent source code to give our
clients unparalleled power to own the full stack and achieve their
business goals. Beacon was founded in 2014 by the senior technologists
who worked with SecDB at Goldman Sachs and created Athena at JP Morgan
and Quartz at Bank of America Merrill Lynch. Beacon has over 70
employees with offices in New York, London, and Tokyo. www.beacon.io

About Commonwealth Bank’s Institutional Banking and Markets

As Australia’s largest bank we take pride in helping the nation’s
leading companies maintain their competitive edge. At home or globally,
our dedicated teams specialise in finding client-centric solutions and
strategies that help maximise shareholder value across a wide range of
industries. Our offices are strategically positioned in New Zealand,
Asia, Europe and North America to help our clients capitalise on trade
opportunities while managing risk in a rapidly changing business
environment. www.commbank.com.au/institutional

Contacts

Anya Boutov
info@beacon.io
+1.800.893.9826