20 August 2017
Find out more

Tullett Liberty launches automated trade notifications

20 May 2003  |  2751 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  |  2841 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9805 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8317 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7885 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7651 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7128 views comments | 15 tweets | 13 linkedin

Featured job

Find your next job