Firms today have an unprecedented opportunity to lower costs, increase efficiency and mitigate operational risk in their post-trade operations. Forward-thinking firms are already breaking out of the constraints of the legacy model. Fidessa is at the forefront of this revolution, offering a fresh alternative that extends front-office efficiencies to the back office.
Post-trade operations are typically fragmented and siloed, with wide variability between regions and asset classes. Many firms employ tactical solutions and procedures to ensure that trades are ready for settlement, but the cost of managing the process is too high. As the regulatory spotlight increasingly focuses on post-trade operational processes, many organisations now recognise that a new processing model is required to improve efficiency and lower costs.
Fidessa's Affirmation Management Service (AMS) enables firms to progress their trades to the point of settlement more quickly, with fewer errors, and lower operational risk. AMS manages the trade confirmation and affirmation workflow directly with brokers, eliminating any dependency on a single centralised matching facility. AMS is multi-asset class and features local trade matching, robust exception handling, sophisticated tools for analysis and reporting, with audited export feeds to back office, custodians and prime brokers. AMS offers customers immediate access to a global universe of brokers while insulating them from the variability and nuance in each broker's technology.