Fiserv (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"New derivatives regulation, as well as market inertia perpetuating outdated processes, has fragmented the post-trade infrastructure, creating operational silos for specific asset classes and counterparties.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.