One-Ten, a provider of STP solutions to fund managers, today demonstrated its Salerio e2e, trade management system at the ISITC conference in London.
It automates all areas of the trading cycle – from order processing, through to confirmation, settlement, and account reconciliation. One Ten says Salerio e2e is already in situ at HSBC, DLIBJ Asset Management Limited, and T-Rowe Price International.
Gene Moynihan, CEO, One-Ten, comments: “One-Ten has 12 years’ experience in providing Straight-Through Processing solutions to the investment management industry. The relationship between improved STP and reduced operational risk has always been apparent -but today, the two are inextricably linked. While it is difficult to quantify operational risk, it can be all but eradicated by the introduction of a fully automated STP solution which encompasses all back-office functions. The risk has been further eliminated by S.W.I.F.T.’s introduction of the ISO15022 messaging suite, thereby reducing the amount of ambiguity that was in place with the ISO7775 suite.”
HSBC, DLIBJ Asset Management, and T-Rowe Price International are three of One-Ten’s most recent clients to implement Salerio e2e. One Ten says that, in line with fund manager clients Deutsche Bank Asset Management and Insight Investments (ex Clerical Medical), these three new clients all report significant improvements to their STP rates.
Moynihan concludes: “Salerio e2e provides a best of breed solution to many of the operational risks still present in many financial institutions. The product’s easy configuration and modularity approach means that it can be implemented as a strategic solution for one bottleneck in the trading lifecycle, or fully installed to provide true end-to-end STP.”