15 December 2017
visit www.solutions.lexisnexis.com

IBM launches trade workflow tool for Canadian firms

24 July 2003  |  4874 views  |  0 IBM

IBM Securities Industry Services (SIS) has launched Trade Innovator for Workflow, a business process automation solution aimed at securities firms in Canada.

The new service, based on Web-based workflow automation applications, will initially be implemented at TD Waterhouse and will be used for online account opening and exceptions processing. IBM says other tasks, such as cheque requests and electronic funds transfer, can also be phased in.

The system monitors trades in real-time and notifies brokers of errors. Alerts can be sent to mobile phones, PDA's and other wireless devices. IBM says the service can also be used for automating other types of exceptions and can be customised depending on a company's requirements.

Leslie Keating, vice president and general manager, IBM SIS, says the solution will reduce paperwork and speed up the processing of brokerage transactions.

"Trade innovator delivers benefits in real-time and supports the seamless automation of the entire trade process," adds Keating.

Separately, Desjardins Securities - the brokerage division of the Canadian financial group - has signed a new five year IT services agreement worth $25 million with IBM Canada. The new deal is an extension of an existing contract.

Under the agreement, Quebec-based Desjardins Securities will implement a new account opening process based on the trade innovator for workflow service. IBM will also continue to provide real-time front and back office processing services.

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

BCP outsources IT infrastructure to IBM

BCP outsources IT infrastructure to IBM

04 July 2003  |  3830 views  |  0 comments
ING Canada in Linux deal with IBM; acquires 100% ownership in DiBa

ING Canada in Linux deal with IBM; acquires 100% ownership in DiBa

03 July 2003  |  3791 views  |  0 comments
IBM smashes exchange performance record on OM platform

IBM smashes exchange performance record on OM platform

24 June 2003  |  6433 views  |  0 comments
Front Capital partners IBM to deliver products on Linux

Front Capital partners IBM to deliver products on Linux

05 June 2003  |  4909 views  |  0 comments
Eontec and IBM win Commonwealth Bank Internet mandate

Eontec and IBM win Commonwealth Bank Internet mandate

02 June 2003  |  6033 views  |  0 comments
Nordea to consolidate IT with IBM

Nordea to consolidate IT with IBM

27 May 2003  |  4475 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10342 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9655 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9088 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7669 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7288 views comments | 15 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job