Lehman Brothers live on Linux with ADP/Wilco corporate actions package

Lehman Brothers live on Linux with ADP/Wilco corporate actions package

Lehman Brothers has commenced live operations with ADP Wilco's new Java-based UPM Corporate Actions processing platform.

The ADP Wilco platform processes notification events according to holder preferences and provides consolidated confirmations where required.

The package is fully integrated with Lehman Brothers' data cleansing engine and its in-house position management systems and is deployed on a Linux/Intel platform.

The US investment house is an established user of ADP Brokerage Services Group's systems and processes a broad range of instruments using ADP's Global Processing Solution.

In a seperate announcement, ADP/Securities Industry Software (ADP/SIS) has begun the rollout of version 4.8 of Posse, its premier broker desktop application. The new release features a Contact Manager module that sales professionals can use to track clients and prospects and target new revenue-generating opportunities. The upgrade also includes enhanced order inquiry and audit functions that firms can use to track order activities - from order entry through execution - and support for single stock futures trading.

Comments: (0)

sponsored

Trending