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Lightspeed unveils TDMS SaaS

05 October 2010  |  2073 views  |  0 Source: Lightspeed Data Solutions

Lightspeed Data Solutions, the post-trade productivity specialist, today announced the arrival of its new Software as a Service product for inclusion in the TDMS Enterprise line.

TDMS allows clients to improve productivity by automating a broad array of post-trade settlement functions and integrates readily with various order management and portfolio accounting systems.

TDMS enhances efficiency and accuracy in post-trade settlement activities including:
• Matching - improve match rates and speeds in affirming broker confirms boosting productivity and reducing risk
• Communicating - report directly to custodians, clients and brokers from the application with point-and-click efficiency via SWIFT, TradeHub, fax, or email
• Archiving - leverage a comprehensive, accessible source of trade and broker confirm data
• Interfacing - connect readily to the various order management and portfolio accounting systems

Marvin Sauer, President of Lightspeed comments, "We are excited to offer our clients TDMS SaaS since it brings the same functionalities that our Enterprise product such as, such a robust matching engine, exception processing, and messaging for both domestic and international trades. For those organizations that have or are starting to outsource their applications, this is a great opportunity to leverage the investments we are making in TDMS."

TDMS is a turnkey solution and the intuitive nature of the system enables users to master it quickly. Lightspeed's unique "Train the Trainers" program allows for a highly collaborative and customizable approach to implementing the TDMS system and pursuing the common goal of enhancing post-trade productivity.

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