Financial Tradeware, a STP solution provider for investment managers, fund managers and hedge funds, released its new reconciliation module that will allow investment managers and hedge funds to automate reconciliations with their custodians, including CREST, via SWIFT.
The solution can be integrated with Financial Tradeware’s existing Ultra.net and H-FUND solutions. The software includes automated or on demand multi-custodian reconciliation of securities holdings and cash via SWIFT; multi custodian real-time reconciliation, including CREST; generates real-time exception reporting; uses standard SWIFT messages (MT535) and both ISO15022/20022 formats; provides information on cleared positions.
“The evolving market in which we operate demonstrates that there will always be a need to refine and add functionalities to our solutions in order to meet evolving client demands,” said Alberto Fontana, managing director, at Financial Tradeware’s UK office. “The modularity of our Ultra.net and H-FUND solutions offers just the flexibility required to fully satisfy these requests with the aim to maximize STP.”