Man Group now has the flexibility to match securities trades both centrally or locally. This flexibility reduces risk by eliminating dependencies on a single matching provider.

Financial services firms are under increasing pressure to bring efficiencies to post-trade processing and reduce risk. Man Group is one of the first buy-side firms to take advantage of the benefits that choice between central and local matching can offer. This illustrates a commitment to delivering on-going operational improvements in post-trade processing. SWIFT's GETC solution uses the ISO standard to provide a consistent messaging format from block through to settlement.

Robert Ottley, Head of Trading Operations, Man Group said, "The project to deliver SWIFT GETC has been completed in less than seven weeks from the first test release to go-live. This is thanks not only to the quick turnaround from Salerio, but also to Morgan Stanley who have been extremely supportive during the testing phase of this project. We will continue to add brokers to this network throughout 2013."

Michael Fiscella, Executive Director, Morgan Stanley comments, "Morgan Stanley is pleased to be supporting MAN Group's vision of building partnerships to deliver common solutions. Enabling STP and standardization through proven industry platforms enhances operational efficiencies and we commend MAN Group, Cor Financial Salerio and SWIFT for their efforts in this successful implementation."

Bruce Hobson, Head of Cor Financial Salerio added, "We congratulate Man Group in taking the lead as early buy-side pioneers. This initiative will allow their organisation to match their trades both centrally and locally which in turn, will reduce both cost and risk. We welcome other buy-side firms to follow Man Group's example."

Arun Aggarwal, Head of UK, Ireland and Nordics, SWIFT said, "We are delighted that Man Group has gone live on SWIFT's global ETC messaging solution. Working with Salerio helps us to increase ourcrease our coverage of major buy-side firms. SWIFT's global ETC solution enables firms to preserve their existing investment in STP and matching solutions, and to cost-effectively retain or achieve high levels of operational efficiency."