Source: Rhyme Systems
Rhyme Systems, a leading provider of asset management solutions, today announces that SVS Securities, a stockbroking and corporate finance advisory firm, has gone live with the implementation of Altimis, Rhyme's award winning stockbroking and wealth management system.
As part of the implementation, Rhyme led the successful data migration project from SVS's legacy applications and assisted in the construction of new back-office processes.
SVS Securities is a leading stockbroking and corporate advisory firm, authorised and regulated by the Financial Services Authority. It provides a variety of investment management services including advisory and brokering execution, IPO private equity services and an institutional desk.
Altimis is a web-enabled system from Rhyme Systems for all aspects of stockbroking and investment management. The system offers a truly integrated, straight-through approach to the entire dealing and investment process. Altimis functionality includes order management, RSP connectivity, Swift and FIX messaging, CGT, performance measurement, Crest settlement, client reporting and document warehousing and management.
SVS, which signed a three-year deal for Altimis, is using Rhyme's widely used and trusted ASP model which provides a fully hosted, managed service with business continuity and disaster recovery.
Philip Pooley of SVS Securities PLC, said, "We're delighted that the implementation of Altimis has been completed successfully. Thanks to the efforts of both teams we now have an installed application which gives us total control of our processes and costs; we can continue to provide our ever-expanding client base and correspondents with the highest quality service."
Piers Farbrother, Sales Executive, Rhyme Systems, added, "Through increased trading volumes and the reduction in time to complete back office investment administration, SVS are already reaping the benefits of adopting Altimis. The new implementation now allows SVS to deliver on their strategy of providing an unrivalled cost effective online trade execution service. We are looking forward to supporting SVS in their continued success."