24 January 2018
visit http://response.ncr.com

SunGard addes order management service to Loanet

04 February 2014  |  1946 views  |  0 Source: SunGard

SunGard's Loanet, a suite of solutions for the U.S. and Canadian securities finance industry, has expanded its capabilities with the launch of a new order management service to help borrowers and lenders increase automation and boost productivity of their trading businesses.

As daily communication between lenders and borrowers can be inefficient with information flowing via telephone, IM, e-mail, or through spreadsheets, Loanet's new order management service helps centralize and automate this process. Borrowers will be able to combine real-time lender inventory with additional inventory sources in an automated, central system.

Loanet's order management service gathers availability information from numerous lenders to allow borrowers to fill an order and then automates settlement, making manual entries a thing of the past. With the new service, orders can be directed either to lenders in a bilateral trade or to an exchange platform (AQS). The straight-through processing service automates contract booking and settlement at DTCC.

"Central order systems for securities lending are the next phase of efficient loan management. As financial regulations and a changing marketplace make lending more competitive, an optimal technology solution is a must-have to help increase productivity, manage costs and improve operations." —Josh Galper, managing principal, Finadium

"The lack of automation and straight-through processing can create unnecessary costs, risks and inefficiencies to the securities finance industry. Loanet's centralized order management service improves the utilization of securities, increases transparency on supply, and maximizes loan rates on the most sought-after securities." —John Grimaldi, executive vice president, SunGard's North American securities operations and securities finance 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9704 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9418 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8482 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7020 views comments | 13 tweets | 25 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
6957 views comments | 6 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job