SimCorp launched version 4.8 of its straight-through-processing solution for investment management, SimCorp Dimension.
The release features updates and new modules designed to further automate workflow processes throughout the back, middle and front office, SimCorp said.
As companies increasingly take measures to mitigate counterparty risk on the shoulders of financial crisis, the number of collateralized trades is expected to grow considerably.
In addition, widely anticipated regulatory changes will have an impact on the use of collateral in trading, SimCorp noted.
From version 4.8, users will benefit from the new securities lending functionality that significantly improves usability, the vendor said.
With the introduction of new features such as block trades and collateral rules, SimCorp clients can now reduce cost through the reduced number of transactions and also spend less time deciding on which security to deliver, the vendor noted.
In the front office, new SimCorp Dimension features and improvements simplify several processes from order simulation to trading while adhering to compliance guidelines.
In the middle office, new SimCorp Dimension modules provide the investment manager with a better overview and increased analysis options for performance and risk.
In the back office, in addition to collateralization, other traditionally cumbersome activities have now been further automated through new modules and enhancements to existing functionality.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio