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Trema eyes order management with Settlement HUB

20 March 2002  |  2597 views  |  0 Trema eyes order management with Settlement HUB

Treasury systems vendor Trema has launched a new Enterprise Application Integration (EAI) tool, Settlement HUB, to provide banks and brokerages with a flexible interface for exchanging business messages with financial counterparts.

Settlement HUB is a stand-alone solution that allows financial institutions and corporate treasurers to interface their financial applications with banks and settlement and payment systems, as well as with their own proprietary applications, for the exchange of confirmation and settlement messages. Payment, confirmations, cash and paper transfers, and custody transfers are delivered over a secure network using Swift compliant messages.

The architecture of Settlement HUB integrates to the back office of Finance KIT, Trema's asset and fund management solution, using the FIX (Financial Information eXchange) protocol.

The system may be used to automates the exchange of electronic orders between asset managers and brokers via their Order Management System (OMS). Purchase/sale information can then be passed back to the asset management system through Settlement HUB to complete the full transaction in Finance KIT.

Päivi Karesjoki, head of asset management segment, Trema comments, "Through the FIX connectivity, Trema can now offer an extended solution for the asset management community. Trema is currently working on the release of its new Order Management System which will provide all the required advanced order management functionality and will be fully integrated with Finance KIT."

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