The UK Debt Management Office (DMO) and ADP/OMR have successfully implemented the first phase of DMO's TradeThru conversion project, converting the database from ISAM files to Oracle relational tables. TradeThru, formerly known as Trading Assistant, is a Java based system that offers relational database independence and XML messaging. DMO recognized the advantages of TradeThru's advanced architecture, and took the initiative to become a Beta site for the new technology.
"Converting to the TradeThru technology will give us greater access to data, and the enhanced ability to generate ad-hoc/management reports," said Simon Slack, head of information technology at DMO. The DMO project team members, with assistance from ADP/OMR associates, tested and implemented TradeThru in London. DMO plans to complete the final phase of the TradeThru conversion by moving to the Java screens over 2003.
Clarke Gray, general manager of ADP/OMR said, "ADP has always focused on delivering front-to-back office solutions for our clients to help them stay ahead of the competition, and we are excited to bring them new technology to deliver their operations. TradeThru's Oracle platform provides enhanced data integrity, database scalability, and compatibility with open database connectivity for report writing."
TradeThru is a multi-product, multi-entity, and multi-currency straight through trade processing solution for treasury and derivatives products. The TradeThru 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, through to trade processing, confirmation, and settlement.