Interwoven Inc. has been named the Vendor of the Year in the sixth annual Operations Management Awards for Excellence.
Interwoven was recognised for its innovative contribution to capital markets technology by Operations Management, a monthly publication which provides news and analysis on the back-office issues faced by brokers, dealers, investment adviser firms, and custodian banks in the US and around the world.
Operations Management highlighted Interwoven Peer to Peer as the key vendor innovation of the year. Interwoven P2P was recognized for its innovative design and versatility, which enables broker-dealers, prime brokers, specialized commodities traders, and asset and portfolio managers to automate and streamline their market communications needs.
Interwoven P2P is also incorporated in the recently announced Interwoven DealConnect for DTCC solution, which allows firms to connect with the Trade Information Warehouse from the Depository Trust & Clearing Corporation.
“In a sea of hosted messaging solutions, the ability to communicate one-to-one is a novel option. With its launch in the fall of 2006, when the issue of manual derivatives processing was still fresh in the minds of back-office operations executives, Interwoven’s P2P platform was a well-timed solution,” says Jeanene Timberlake, managing editor at Operations Management.
“This success is the result of our continued focus on delivering targeted solutions that meet the unique requirements of the global capital markets community. Interwoven P2P is a perfect example of this strategy at work, as the solution enables organizations to keep pace with the growing volume of trade activity, while at the same time reduces risk,” adds Jos Stoop, vice president and general manager of global capital markets at Interwoven.