ADP’s commitment to providing its clients with new and innovative technologies to establish a competitive advantage in the marketplace was the driving force behind the speed and success of this implementation. Our treasury and alternative investment clients now have a state-of-the art technology platform to process their transactions and one that provides a strategic foundation for future growth.
TradeThru (formerly known as Trading Assistant) is a multi-product, multi-entity, and multi-currency Straight Through Trade Processing Solution for treasury products such as derivatives, FX, and money markets. The system delivers fully automated front to back office functions throughout the lifecycle of a trade, starting with fast and flexible deal capture, portfolio and risk management functions all the way to trade processing, confirmation and settlement including all accounting and reporting functions.
ADP/OMR has leveraged the state-of-the art web technologies inclusive of the latest messaging and modern system architecture to deliver this advanced, efficient trading platform. Available in a license or Service Bureau basis, the platform is a browser-based, open architecture, 24 hour per day system. Its functionally rich "Toolkit" for e-commerce trade capture, risk management and operations allows clients to extend and customize the ADP/OMR solution to meet their unique needs. XML messaging is employed across all database tables, allowing clients to seamlessly transmit trades, rates, static data, and other information from virtually any outside source or third-party application in real time. The Java and ASP Browsers use HTML as the presentation medium and generate HTML on the server. The System also provides data to other external systems, such as middle office analytic and risk management systems and general ledgers.
Recently launched as WebTA, and renamed TradeThruCLIENT is also built on the re-engineered platform. TradeThruCLIENT is a web-based trade entry and settlement processing solution that allows ADP/OMR’s banking clients to offer foreign exchange trading to their corporate and institutional customers over the Internet. Now the bank’s customers can both trade and access financials with ease from anywhere in the world.
ADP/OMR’s treasury and alternative investment management clients also benefit from the re-engineered platform. Because XacctTM, ADP/OMR’s funds administration service bureau uses TradeThru as its processing platform, hedge fund managers and other alternative investment advisors now have a state-of-the-art web-enabled platform for their back office processing needs.
With Xacct, hedge fund and other alternative investment managers can outsource the entire back office operation in a secure and controlled operating environment. Xacct virtually eliminates a fund’s operational risk, provides a fully scalable solution that is volume and asset insensitive, and can be customized to meet a fund manager’s specific needs. This new service provides fund managers with the back office resources necessary so that they can focus on their core business of managing money and acquiring new assets.
As a leading global supplier of trade processing software and solutions for banks and other financial institutions, ADP/OMR functions exclusively as a third-party service provider. This structure gives our clients the confidence that our business plan will not conflict with their business objectives. Because ADP/OMR is not a broker-dealer or investment advisor, we are uniquely qualified to offer our clients secure and confidential back office services.