Trace Datawise Financial Limited says IFAs should take a look at its Orderbook technology, which routes orders for funds to settlement systems electronically, reconciles the transactions and then provides comprehensive management reporting.
Orderbook, built originally for a major global fund manager, complements Trace Datawise’s WebTM, a web browser and message management system. Both components can link IFAs electronically to fund managers using SWIFT ISO 15022 message formats.
“Orderbook, which validates, tracks, reports and reconciles transactions, can be implemented in any order-driven market across a wide range of products, interfacing with back office systems and clearing organisations,” explain Trace Datawise. “It provides faster processing and easy access from any point via the Internet, enabling stricter control over processing and greater accuracy. The product incorporates guaranteed security with configurable access control and encryption together with user and system audit trails.”
“Web-based access is the way forward,” says Jo Sethi, Managing Director, Trace Datawise. “It is speedy, easy to use and controllable. We have designed our software so that it is affordable for the small to medium sized operation. The fact that it is built within a framework delivering other applications means that an initial investment can provide a multiple pay off in the future.”