UK-based F&C Asset Management has selected SmartStream Technologies' TLM Trade Process Management platform, to deliver a single integrated system across its middle and back office.
According to SmartStream, its TLM Trade Process Management will deliver a single platform capable of processing equities, derivatives, FX and MM transactions in a consistent and coordinated manner for F&C.
The TLM solution will manage the trade from point of execution through to confirmations via the Omgeo CTM matching utility. To reduce operational risk and cost and to ensure F&C meets internal and customer SLAs and market deadlines, TLM Trade Process Management will deliver cross-asset, pre-emptive exception management and alerting.
Luc Leclerq, head of operations for IT and projects at F&C, said: “With TLM Trade Process Management we now have a window into our middle and back office activity, supporting our drive for greater post-trade efficiency. By replacing legacy systems we can optimize our post trading platform, reduce operational costs and improve risk management.”
Richard Cummings, EVP at SmartStream Technologies, said: “The middle and back performs a critical control function, however many are under utilized due to a mixture of legacy systems and manual processes that also introduce unnecessary risk and cost. Using TLM Trade Process Management to replace a variety of systems and processes, F&C will have a single, scalable processing platform that delivers enhanced visibility and control to its post-trade operations.”