SmartStream Technologies’ TLM Trade Process Management now fully supports SWIFT’s Global Electronic Trade Communication (GETC) solution.
GETC uses SWIFT ISO 15022 messages to provide a standardized process for matching fixed income and equities trades for both buy and sell-side firms.
Dr Darryl Twiggs, head of Product Management, SmartStream Technologies, commented: “By supporting the GETC solution our customers now have more options for handling post-trade processing. In addition to supporting the automation of allocation only or block allocation confirmations, SmartStream’s TLM Trade Process Management solution offers the complete automation of the transaction across the middle and back-office from point of execution to settlement”.
Paul Taylor, director New Business Development – Global Matching, SWIFT, says: As the industry strives to improve post-trade operational efficiency, many buy and sell-side firms are opting for local matching solutions for the automation of trade confirmations. By supporting the use of GETC, and providing an installed local matching engine that accepts GETC messages, SmartStream is making a great contribution towards helping the community drive out cost and risk from this vital post-trade function.”