Mellon Global Investments has gone live with a new post-trade processing system from HelioGraph, encompassing all back office transactions and asset classes.
Andrew Downs, director of investment operations, at London-based MGI, comments: "Having implemented the HelioGraph solution, we are now achieving STP rates of 90% and we expect to increase that still further, to around 95%, by the end of the project."
MGI is using HelioGraph's complete STP platform, Helio TradeFlow, incorporating the Message Broker and Workstation products and the Integrated Development Environment (IDE) tool. The latter allows MGI staff to undertake future configuration and development themselves.
Says Downs: "The fact that, through using HelioGraph's IDE tool, MGI staff can adapt the system to any future requirements is a further huge bonus for us."
The HelioGraph STP solution is based on a data field dictionary architecture and is fully ISO 15022 compliant. As such, says the vendor, it will also offer a way to connect to new Virtual Matching Utilities (VMUs) such as those offered by the GSTPA and Omgeo.