Fidessa's Affirmation Management Service named Best New Post-trade Solution for the Buy-side
5th May 2015 – Fidessa group plc (LSE: FDSA) has today announced that its Affirmation Management Service (AMS) has been recognised as the best new post-trade solution for buy-side firms in the Financial Technologies Forum and FTF News Technology Innovation Awards 2015. The award was presented in recognition of the innovation that AMS has brought to post-trade operations and the crucial operational efficiency improvements it delivers.
Launched in mid-2014, Fidessa's AMS challenges the status quo in confirmation and affirmation processing to deliver real efficiencies and business value. Available as a fully managed service, AMS provides access to the global broker community for all post-trade business workflows. Insulating buy-side firms from the technical complexities of affirming and confirming with multiple brokers, and across multiple asset classes and regions, AMS gives a greater level of certainty that the economic and settlement details are captured and agreed with the counterparty.
Paul Nokes, CEO, Fidessa Buy-side, commented: "Our clients were increasingly looking at post-trade as an area where they could achieve the much needed efficiencies that have already been applied in the front office. Having recognised this trend, Fidessa worked with a number of key industry stakeholders to develop AMS to provide a cost-effective 'one-stop-shop' that reduces cost and operational risk."
"Key to the success of AMS has been our ability to leverage Fidessa's extensive community of buy- and sell-side firms that can confirm and affirm with each other," Nokes continued. "AMS provides the industry with a credible alternative to old-style centralised matching facilities and we're delighted to be recognised with this award."PDF (0.06 MB)