STT, the IT architect of the JSEâs Yield X, developed its previous solution for treasury management over 20 years ago and it has stood the test of time. Tornado is based on MSSQL, replacing Novell & Btrieve. The external functionality allows users to export any information viewed into Word, PDF or Excel. The system has various calculators, should they be required. Crystal functionality enables any report to be created with ease.
Michelle Janke, MD says that another important aspect of Tornado is its real time trade reporting ability. âThe system links into Bond Exchange South Africa and the JSE, including Yield X. Tornado is the only system that links directly into both the exchanges and this negates the need for middleware software. Tornado will report, monitor and manage all bond trades,â she comments.
The bonds, cash money market and general ledger modules are available immediately. Derivatives will be on offer from January 2007.
STT has been in business since 1985. It does not sell its software, but sells a licence for its use. This policy encourages long-term partnerships and has ensured that the solution never becomes redundant, as all upgrades and customisation are included.