CheckFree, now part of Fiserv (NASDAQ: FISV), a leading provider of information technology services to the financial industry, today announced the latest release of its multi-asset, post-trade processing solution, CheckFree TradeFlow.
With this new release, CheckFree has built upon its unique approach to packaging external connectivity, internal integration and post-trade workflows to incorporate specific fixed income processing.
Fixed income trade volumes have grown exponentially over the last decade and according to research firm Celent, the outstanding value of products in the U.S. fixed income market has more than doubled from $12 trillion in 1996 to $29.2 trillion in 2007.[i] CheckFree TradeFlow can ensure compliance with unique domestic fixed income regulations, such as the splitting of large trades into increments of $50 million.
"The rising volume of fixed income products has prompted clients to further assess their post-trade processing infrastructure to improve efficiency and offset risk," said Geoff Harries, vice president, product strategy, CheckFree Investment Services Software, now part of Fiserv. "The extension of U. S. fixed income capabilities in CheckFree TradeFlow is a reflection of our commitment to enable clients to capitalize on market trends and benefit from a U.S. domestic and cross-border solution utilizing a single integrated platform across asset classes.
[i] Electronic Bond Trading: Reaching the Tipping Point, Celent, 14 April 2008