Standard Life Investments (SLI) has licensed the Salerio e2e STP trade processing platform from COR Financial Solutions.
SLI says the system will replace a combination of in-house developed software, electronic trade confirmation (ETC) service provider products and a number of manual procedures.
Lennie Ramanauskas, head, investment administration, Standard Life Investments, says: "We selected Salerio e2e to provide end-to-end automation of the transaction processing lifecycle across a range of asset types."
Implementation has begun at the firm's Edinburgh office, with various phases of the project going live over the coming months including Salerio e2e Middleware, ETC and ETD for securities.
Salerio e2e STP is currently used by 25 asset management and outsourcing firms across North America, Europe and Asia. SLI is the first major customer for the package since COR Financial acquired the product from 110 (One-Ten) in April 2003.