Source: Rhyme Systems
Rhyme Systems, a leading provider of asset management solutions, today announces the availability of rhymeSight Broker, a fully integrated stockbroking system accessible on a new and open platform.
The immediate benefit of the new system is that it integrates the established core components of Fiscal with the supporting technology of the existing rhymeSight platform. This will enable the stockbroking industry to take advantage of new technologies such as web services and java within a proven platform.
rhymeSight Broker provides proven and broad capabilities for agency and principle trading for stockbrokers and market makers. The rhymeSight architecture means rhymeSight Broker delivers a powerful workflow and business process management toolset as well as extendible reporting, document management and document warehousing functionality.
The stockbroking solution, Fiscal, is already used in firms such as Brewin Dolphin, Investec Securities (UK), Rensburg Sheppards and Morgan Stanley Quilter.
The underlying technology of the new platform is Caché, from InterSystems, providing an immediate performance and scalability boost to an already reliable product. Caché also allows rhymeSight Broker to become hardware platform independent.
Philip Black, Sales Director, Rhyme Systems, says, "We are particularly excited about rhymeSight Broker's workflow and reporting capabilities being integrated into the stockbroking world. This is an industry that is increasingly seeing the need to focus on straight through processing to compete efficiently in a competitive market. The quality of exception management has become one of the defining cost and risk factors in the back office."
Graham Frost, Managing Director for Northern Europe at InterSystems, added, "I am delighted that Rhyme have chosen InterSystems technology for rhymeSight Broker. We believe the mix of high performance and broad integration capabilities give their product the unique ability to operate in a highly automated environment, where managing human intervention efficiently is crucial."