HelioGraph, the IT firm which specialises in Straight Through Processing (STP) and Financial Messaging solutions, announced today that Fortis Investment Management (FIM) has chosen to implement Helio TradeFlow to provide it with electronic trade confirmation (ETC) and electronic trade settlement (ETS) capabilities.
Fortis, which until recently relied in the main on manual processing, will use Helio TradeFlow to provide the firm with the ability to automate its entire post-trade process, including matching, workflow, connectivity and exception processing. “We looked at all the leading solutions on the market before choosing HelioGraph,” says Hadewig De Corte, Director Group Business Services, Fortis Investment Management “What really impressed us was the depth of knowledge which they showed. Their people have a sound understanding of the processes involved in our business and a clear vision of how best to use new technology to automate them. The savings we are going to make in terms of operational efficiency and risk reduction together with increased customer service levels mean that we are going to enjoy near-immediate return on investment”
The ISO15022-enabled HelioGraph solution will interface with FIM’s investment management system, Decalog, as well as external financial networks and services such as SWIFT and Omgeo.
The implementation is being phased in two parts to ensure that FIM realises immediate benefits. The ETS part of the solution will be live by December 2002, with the ETC module scheduled for early next year. The ETC module will link to FIM’s Oasys Global workstation but also allows for connectivity directly to Omgeo CTM should the firm choose to adopt the service in the future.