SmartStream reports new TLM Reconciliations contract
30 January 2008 | 1583 views | 0
Source: SmartStream Technologies
SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a new Asian clearing entity has selected TLM Reconciliations as part of its new service offering.
The new institution, based in Singapore and backed by one of the regions largest brokerages, will deliver outsourcing capabilities for buy-side investors and international broker dealers. It is developing an innovative and adaptable trade settlement/agency clearing platform that aims to eliminate complexity and cost through trade aggregation.
It selected SmartStream's TLM to reconcile its cash, securities transactions, securities positions and inter-system data. TLM Reconciliations was chosen for its proven ability to deliver highly automated, multiple instrument reconciliations and support high volumes. SmartStream's TLM WebConnect user interface will also ensure that new users can be efficiently added to the operations team, delivering functionally-rich dashboards to monitor and manage transaction lifecycles in real-time.
Stefan Wawrzyniak, Regional Director for SmartStream, Asia Pacific, said: "We are delighted that this new and innovative entity has chosen to place SmartStream at the heart of its back and middle office processes. It is testament to the relationship we have built with one of Singapore's most successful financial institutions that its sister company has selected TLM to be at the core of its back office. We look forward to working with them as it develops its service."