10:48 AM
Fiserv Releases TradeFlow 2.4
Fiserv announced that its Investment Services division has released a new version of its multi-asset, post-trade processing.
TradeFlow release 2.4 lets clients manage all aspects of the post-trade event management lifecycle for OTC credit derivatives from trade confirmation to trade event management and payment processing and has expanded its
Post trade event handling now includes terminations as well as existing business processes to support trade capture, enrichment, validation and confirmation through DTCC Deriv/SERV and payment processing via Swift.
In a statement, Geoff Harries, vice president of product strategy, Investment Services at Fiserv, said, “The spotlight on OTC Derivatives processing has never been greater following a recent recommendation from Derivatives industry participants to establish seven key goals to improve the efficiency and transparency associated with Derivatives processing.”
He added, “Streamlining the trade lifecycle to process multiple, complex events can significantly mitigate the risk associated with processing Derivatives. TradeFlow enables clients to simplify this process, resulting in reduced risk and increased operational efficiency.”