Britannic Asset Management chooses Mercator for STP

Britannic Asset Management has selected Mercator Software to automate its securities and fixed income trading and settlement processes.

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Britannic Asset Management chooses Mercator for STP

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Under the agreement, the UK fund manager will use Mercator's Integration Broker technology to enable electronic trade confirmation (ETC) and electronic trade settlement (ETS) in a bid to reduce settlement risk and increase operational efficiency.

The first phase of the project will include the automation of messages at the post-trade, pre-settlement stage. The second phase will enable the automation of the trade settlement process. The project is scheduled for completion later this year.

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