SmartStream Technologies, the provider of Transaction Lifecycle Management applications, has launched the TLM Trade Process Management. This is designed to offer buyside, sellside and custody firms a volume insensitive, instrument agnostic post trade processing environment.
“As many firms are struggling to handle an increased volume of trades and specifically the explosive growth in OTC derivatives, there’s a compelling need to address the areas of operational risk and cost that threaten to lower profitability and customer service,” says Steve Miller, the Senior Product Manager at SmartStream. “TLM Trade Process Management offers firms a unique route to tackle these challenges head on, using proven technology that incorporates industry best practice in pre-packaged flexible business processes.”