GlobeOp Adds Communicator's Trade Date Tie-Out Service To Affirm OTC Derivative Trades

GlobeOp Financial Services announced that it will offer Communicator Inc's Trade Date Tie Out Service via GoMarkets(sm), GlobeOp's new electronic trading connectivity platform. Communicator's Trade Date Tie Out Service enables GlobeOp clients to affirm OTC derivative trades within minutes of

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GlobeOp Financial Services announced that it will offer Communicator Inc’s Trade Date Tie-Out Service via GoMarkets(sm), GlobeOp’s new electronic trading connectivity platform.

Communicator’s Trade Date Tie-Out Service enables GlobeOp clients to affirm OTC derivative trades within minutes of the time a trade is executed and then automatically to feed certain material trade details to clients’ trade capture systems. This service is available immediately to GlobeOp and Communicator clients.

“This new service further enhances GlobeOp’s efforts to provide straight-through processing of OTC derivatives from trade entry through affirmation or confirmation and back,” said Hans Hufschmid, GlobeOp’s chairman and chief executive officer. “With Communicator, we have integrated our systems so clients are able to execute a seamless flow of OTC trade tie-outs immediately with important choice and flexibility to suit their individual needs.”

“We are excited to have GlobeOp use our Trade Date Tie-Out service to power its GoMarkets platform,” said Leo Schlinkert, president and chief executive officer of Communicator. “GlobeOp’s clients can use this service for a broad range of OTC derivatives with a choice between affirming or matching a trade. This flexibility has been unavailable in the marketplace from a single solution provider.”

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