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TietoEnator's capital market solution streamlines CAR's trading operations in Norway

Norwegian broker and investment bank, Corporate Advice & Research (CAR) has selected TietoEnator's capital market solution ProBroker to manage the company's trading operation. The solution will improve CAR's operational efficiency and reduce costs, as well as advance the company's securities operations at the Oslo Stock Exchange.

Since CAR was a new customer with a standard setup of ProBroker, the implementation took around 10 weeks. The company went successfully live with ProBroker in early March. Further more, CAR has chosen another TietoEnator solution for their funds management, the Tazett Portfolio Suite. With this setting CAR will have every possibility of realising synergies across the solutions and their services porfolio

Ove Kristoffersen, Head of Clearing and Settlement at CAR, says: "The speed, volume and complexity of trading will only continue to increase. TietoEnator was able to deliver the criteria we requested to meet our business-critical needs: speed and ease of use with a tight time schedule. They are well known for their industrial know-how and technical skills - and as a meritable solution provider in the capital market industry."

Helene Helvik, Head of Capital Market Sales, says: "As CAR chose to become a full-fledged member of the Oslo Stock Exchange instead of using other outsourced trading services, TietoEnator realised that a standard installation of ProBroker would support CAR through the full trading life-cycle; trading, clearing and settlement in a secure and efficient way."

TietoEnator Capital Market Solutions provides integrated trading, clearing and settlement solutions for Nordic brokerage firms with global business. TietoEnator's solutions handle a significant share of the transactions on the Nordic Stock Exchanges today.