20 February 2018
visit www.nextgenbanking.co.uk/

Baikal starts using UnaVista for reconciliation and confirmation matching

28 July 2009  |  1250 views  |  0 Source: Baikal

Baikal, the London Stock Exchange Group's pan-European dark pool and liquidity aggregation service, this month began using UnaVista, the Group's generic hosted matching, reconciliation and data integration service.

As part of Baikal's phased roll-out, solutions were needed for end-of-day Exchange reconciliations with central counterparties, and for automation of post-trade client confirmations. UnaVista offers both services based on the same data feed, reducing implementation costs and minimizing operational risk.

Chris Rennoldson, COO of Baikal, said: "Implementing appropriate solutions for reconciliation and post-trade confirmations was a vital part of Baikal's phased launch, and we are delighted to have been able to leverage the expertise of UnaVista, another London Stock Exchange Group company.

"UnaVista offered us a quick, low risk implementation. Built on flexible, Exchange-hosted technology, UnaVista provided us with reliable reference data without the need for any labour intensive, costly hardware installation, helping us to deliver Baikal on time and on budget, with the implementation going from inception to production in just 29 days. At the same time, UnaVista allows us to provide automated post-trade confirmations to our clients in flexible formats and at low cost."

As a web-based, Exchange-hosted solution UnaVista:

  • eliminates the need to install expensive hardware and infrastructure, reducing project costs and timeframes
  • offers the highest level of data security
  • can be easily scaled to accommodate new lines of business and future regulatory requirements.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11704 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9321 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9158 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7872 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7243 views comments | 19 tweets | 18 linkedin

Featured job

Find your next job