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New version of TradeFlow expands its asset class coverage and
post-trade transaction processing
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced that it has enhanced TradeFlow™,
its post-trade processing solution, by integrating several new industry
standard methodologies. The integration will provide functionality to
support several new asset classes and transaction types, and will bring
improved ease of use and depth of functionality to users. Additionally,
because of the integration, all post-trade processes will now be offered
through a single solution, which can improve operational efficiency,
reduce risk and increase transparency.
TradeFlow now includes functionality to support Exchange-Traded
Derivative (ETD) Settlements, SWIFT MT515 Confirmation, FX
Non-Deliverable Forwards, OTC Notifications and Repurchase and Reverse
Repurchase Settlements. The workstation and user interface have also
been enhanced for improved ease of use and depth of functionality. With
these upgrades, TradeFlow will now be positioned to support future OTC
derivative post-trade and clearing activities, as well as the SWIFT
Global ETC initiative that will ultimately provide fully automated
trade-matching functionality based on industry standard SWIFT messaging.
"New derivatives regulation, as well as market inertia perpetuating
outdated processes, has fragmented the post-trade infrastructure,
creating operational silos for specific asset classes and
counterparties. The net result is there are dozens of ways to confirm
and settle a trade," said Gert Raeves, research director, CEB
TowerGroup. "Being able to manage post-trade processes in a single
environment can improve operational efficiency, reduce risk and increase
transparency. Focusing on best practices will help institutions make
adjustments to their operating model irrespective of technical
restrictions."
"The enhancements to TradeFlow will allow our clients to achieve greater
depth and flexibility, while also meeting their regulatory
requirements," said Mike Foster, general manager, Institutional
Management Solutions, Investment Services, Fiserv. "TradeFlow is the
only solution on the market that is message-type agnostic and offers 16
different asset class modules. We are committed to supporting our
clients' long range business goals, and we are doing so by enhancing our
technology to accommodate alternative confirmation methods."
TradeFlow from Fiserv is a complete transaction processing solution that
enables clients to manage the entire post-trade process, from trade
capture to settlement confirmation, all in a single, integrated
environment.
Fiserv technology supports the critical investment management functions
of global financial institutions. With solutions for planning, trading,
post-trade processing, performance calculation and reporting, and
invoicing and revenue management, Fiserv offers a unique breadth of
solutions that help global financial institutions optimize efficiency
and transparency, reduce risk and protect revenue.
Additional Resources:
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior PR Manager
Fiserv,
Inc.
678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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