Global asset manager Fortis Investment Management (FIM) is to implement Heliograph's Helio TradeFlow system for electronic trade confirmation and settlement.
The system will enable the firm to automate its entire post-trade process, including matching, workflow, connectivity and exception processing.
Helio TradeFlow will interface with FIM's investment management system as well as external financial networks and services such as Swift and Omgeo.
Hadewig De Corte, director group business services, FIM, says: "The savings we are going to make in terms of operational efficiency and risk reduction together with increased customer service levels mean that we are going to enjoy near-immediate return on investment."
FIM will be using the system for trade settlements by December 2002 and for trade confirmations early next year.