21 October 2017
visit www.response.ncr.com

Tullett Liberty launches automated trade notifications

20 May 2003  |  2791 views  |  0 Tullett Liberty launches automated trade notifications

Interdealer broker Tullett Liberty has launched a new automated trade notification system, Post:marker.

Tullett says Post:Marker was created in response to client demand and is currently in beta testing with a group of liquidity providers in both London and New York.

The system transmits trade details to clients' systems automatically. After executing a deal, users receive electronic notifications which can be accepted or rejected. Following affirmation, trade details are transmitted to counterparties' middle and back office systems, allowing positions to be updated immediately. The system uses XML documents, based upon the FpML standard, to represent deal details.

Tullett says Post:marker facilitates straight-through processing (STP) by eliminating manual keying, and reduces expections by automating trade affirmation.

Geoff Chapman, chief information officer, Tullett Liberty, says: "Providing a comprehensive STP capability allows us to offer our clients the complete service - best execution coupled with efficient settlement and support."

The product is part of Tullett Liberty's Market:maker product suite and will be available to Tullet counterparties from June 2003.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Tullett connects to SwapsWire

Tullett connects to SwapsWire

24 March 2003  |  2895 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9148 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8737 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7853 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7345 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6960 views comments | 14 tweets | 23 linkedin

Featured job

circa £250K total package

Find your next job