Motif Markets was formed when Paritech closed down in June 2019
Paritech developed and hosted brokerage systems for several Australian brokers over a couple of decades. However it was difficult to compete against the dominance of IRESS in this market. While Paritech‘s systems provided the capabilities required by brokers at a far lower price, in the end, Australian brokers preferred industry common systems instead of innovative, lower cost solutions.
When Paritech closed, there was still demand for their brokerage solutions from overseas brokerage firms. Motif Markets was formed from Paritech staff to meet this demand. Its focus is to tightly focus on the delivery of the brokerage systems. Considerable engineering has been invested to adapt the systems to run on Open Source systems (Linux / PostgreSQL) to lower operating costs even further. It also focuses on providing solutions with innovative IP licencing allowing customers to better integrate, support and ondevelop the supplied solution to meet their future needs.