Deloitte Consulting and Tibco Software have launched a new real-time trade settlement and management system to help financial institutions meet the Securities and Exchange Commission's deadline for T+1 requirements.
The Real Time solution combines Deloitte's Strategic Processing Environment (SPE) with Tibco's integration technology to provide business process integration across trade capture, margin management, portfolio management, settlement and financial systems.
The Real Time architecture allows the simplification of trade management through automation, exception handling and visibility through the entire trade and settlement process, say the companies.
Kathryn Hayley, Deloitte Consulting’s financial services practice leader for the Americas, says: “Tibco’s business integration solutions have the strength and depth that allows us to create a solution for our clients in the financial industry in a short amount of time and with a lower amount of risk.”