London & Capital has chosen STeP intelliMATCH, a real-time matching and reconciliation application, to help automatically match real-time positions and transactions against multiple prime brokers.
“Because we have relationships with multiple service providers, all of which present their data in different ways, we require a solution that is easy to integrate with our business model and highly flexible to accept data from our in-house systems, as well as from our service providers,” comments Cliff Warner, chief operating officer at London & Capital.
“STeP intelliMATCH is easy to configure and provides a generic data model that helps us to match many asset classes and security types, and search on virtually anything. In addition, the real-time dashboard helps us to have an up-to-the-moment view of our reconciliations process – a key element in our ability to improve operational efficiency.”
“We are pleased that London & Capital decided to automate its matching and reconciliation with SunGard’s STeP intelliMATCH,” says Tom King, president of SunGard’s STeP business unit. “We see a growing need in the fund management industry to improve operational efficiency and reduce risk. The flexibility of STeP intelliMATCH and its ease-of-use will help London & Capital to achieve this by providing a flexible system to accommodate new trading partners and new security types.”