Fundtech Ltd. has entered the securities transaction processing marketplace with the introduction of TRADEplus.
The product aims to contribute to full automation of Delivery versus Payments (DVP). TRADEplus is an SOA compliant, J2EE-based software solution that enables broker dealers and custodian banks to integrate internal systems (OMS, PMS, Accounting, Reconciliation systems) and automate their DvP capabilities.
Fundtech has teamed with Radius Partners in the development of TRADEplus. Located in Pembroke, MA, Radius Partners has significant domain expertise and product development experience in securities processing.
Reuven Ben Menachem, Fundtech CEO, said, “The move into the securities marketplace with the introduction of TRADEplus is part of our long-term growth strategy. With the help of partners, we are leveraging our significant expertise in automating complex financial transaction processing. Our goal is to provide systems that enable our clients to lower their cost and enhances their customer service.”