Salerio launches post-trade option

Source: Salerio

Salerio, the comprehensive post-trade management system designed for securities and treasury trading firms today announced the launch of Salerio Switch, the post-trade option, in response to industry demand.

Salerio SWITCH gives clients the ability to easily configure the Salerio technology to offer a choice in how they match trades at a transaction level. Participants can choose between central matching, interfacing to the Omgeo CTM platform or local matching, using the SWIFT Global Electronic Trade Communication (GETC) solution. This choice underpins Salerio's agnostic approach to bringing about greater back-office efficiencies.

The alternative post-trade messaging and communications option provided by Salerio builds on the success that SWIFT has achieved with its GETC solution, and provides a welcome alternative for the financial services industry. Operations teams struggling to optimise cost-per-trade and benefit from choice are able to get ahead now using the pioneering Salerio SWITCH option.

Post-trade professionals benefit from the Salerio SWITCH option messaging with Omgeo and/or SWIFT using the same automated processes underpinning Salerio's agnostic approach to bringing about increased back-office efficiencies. The post-trade SWITCH option is designed to improve straight-through-processing rates, offer clients user-friendly exception management capability and be consistent with the 'Gold Standard' best practice initiative advocated by Salerio in July 2012.

Bruce Hobson, CEO, Salerio comments, "Securing any post-trade investment requires a bullet proof business case in light of increasing back-office focus yet decreasing budgets. As the planning cycle for 2013 is well and truly under way, now is the time to add extra weight to commercial justifications by quantifying the benefits of best practice with the new option of lowering cost-per-trade through our SWIFT linkage."

Hobson continues, "As markets face the task of meeting T+2, we can only anticipate escalating failure rates and increasing operational risks. Our decision to offer the Salerio SWITCH and Omgeo's capabilities reinforces our strategy to provide a fully agnostic stic straight-through-processing approach and enables our mutual client base to benefit from first mover advantage." 

Comments: (1)

A Finextra member
A Finextra member 10 October, 2012, 12:19Be the first to give this comment the thumbs up 0 likes

This looks a good alternative to central matching and has to be considered due to the uncertainty about the future structure of post trade clearing and settlements accross financial products. Anything that can rationalise post trade matching and reduce costs has to be looked at