HelioGraph 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. Helio TradeFlow will provide the firm with the ability to automate its 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-compliant 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. 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.
Fortis is the latest in a run of sucess for Heliograph. In the last year, HelioGraph has signed 28 new license agreements. Clients include Abbey National Offshore, ABN Amro, the Bundesbank, PT Bank Sanwa Indonesia and State Street; asset managers Mellon Global Investments, Standish Mellon Asset Management, DEutsche Asset Management, Loomis Sayles & Co, MFS Investment Management, Fox-Pitt Kelton, Gartmore and KBC Asset Management as well as the electronic foreign exchange trading platform FXall and Instinet.