Pacific Investment Management Company (PIMCO) has gone live on the HUB platform, a significant development for HUB. This platform creates seamless connections between data and trading, aiming to optimize the operations technology within the investment industry through AI and automation.

PIMCO will initially utilize two primary products on the HUB platform:

HUB Trade: This tool manages trades throughout their lifecycle and facilitates connectivity with various market participants.

HUB Data: It provides a governed stream of investment data to support the expansion of PIMCO's client reporting capabilities.

HUB's CEO, Paul Taylor, sees this as a transformative milestone, emphasizing the platform's ability to efficiently connect PIMCO's data across post-trade and client reporting functions. This move is expected to catalyze a transformation in the investment management industry's operational model.

Dirk Manelski, the CTO of PIMCO, highlighted the benefits of the HUB partnership, which includes consolidating their middle and back-office systems on a unified platform. This approach streamlines infrastructure, services, and data models while eliminating inefficiencies resulting from the traditional separation of front, middle, and back-office systems and processes in financial markets.

HUB's flexible, modular approach to delivering products not only lowers entry costs but also encourages the industry's rapid deployment of innovative solutions. This partnership signifies a push for efficiency and innovation in investment management with PIMCO and HUB at the forefront.