UBS Global Asset Management deploys CheckFree's Tradeflow TPM
14 April 2004 | 4644 views | 0
UBS Global Asset Management (AM) is installing CheckFree's straight-through processing (STP) platform, TradeFlow TPM, as the hub of its new global trade confirmation system.
The new confirmation system is due to go live at UBS Global AM's operations in London this summer before being rolled out to other locations including Zurich, Chicago, Singapore, Sydney and Tokyo.
CheckFree says TradeFlow TPM will be the backbone of the global system, delivering borderless trade confirmation and exception management workflow. The product will provide 'single window' data monitoring capabilities, allowing fund managers and brokers to access real-time, enriched trade data, regardless of geography or time zones.
Richard Flack, project sponsor, UBS Global Asset Management, comments: "We liked TradeFlow TPM's ease of deployment and the fact it supports new services such as FIX 4.4 and Omgeo CTM, while providing sufficient flexibility for UBS Global AM to adopt future standards."