Financial Tradeware has launched an STP solution for fund managers and IFAs called Ultra Suite.
The company says Ultra Suite is the first product in the UK market to automate all trading and accounting processes across the front-, middle-and back office. It provides SWIFT and FIX Users with seamless and automated communications for trading, clearing, settlement and reconciliation of trades and balances.
At the briefing today, the London Business School presented the results of their independent research project about the STP rates among fund managers and IFAs. “We welcomed the opportunity to participate at an event where Investment Managers and Independent Financial Advisers had the chance to take part in a knowledge sharing opportunity and therefore bringing real value to the people directly involved in STP,” says Tersea Nolan of SWIFT.
Gianfranco Lande, CEO of Financial Tradeware addded: “We are delighted to have launched Financial Tradeware into the UK market at the briefing today. We look forward to working with Investment Managers and IFAs in order to bring them the benefits of cost savings and operational efficiencies across their business. We hope that the event provided a platform for these organisations to understand how they can improve their Straight Through Processing rate and achieve high efficiency.”