The London operation will spearhead the project in the design phase, before rolling it out to other asset management locations, including Zurich, Chicago, Singapore, Sydney, and Tokyo. TradeFlow TPM is the backbone of the new system, providing borderless trade confirmation and exception management workflow. UBS Global AM offices will be able to access TradeFlow TPM for âsingle windowâ data monitoring capability that will enable fund managers and brokers to access real-time, enriched trade information regardless of geography or time zones. The solution will also provide UBS Global AM with a new level of business process control for performance measurement of brokers.
TradeFlow TPM was chosen after an extremely rigorous selection process based on several major criteria. "We liked TradeFlow TPMâs ease of deployment and the fact it supports new services such as FIX 4.4 and OMGEO CTM, while providing sufficient flexibility for UBS Global AM to adopt future standards â a vital consideration given the scope of the project," explains Richard Flack, Project Sponsor, UBS Global Asset Management. TradeFlow TPM can deliver increased operational efficiencies, reduced risk, improved trade settlement speeds and provide in-house and third party users with better access to decision-making information.
UBS Global AM was also looking for a supplier that could not only deliver a proven STP platform on a global scale, but also understood their specific business needs. "CheckFree has a breadth of expertise in our industry, a mature client base and a track record of successful implementations. CheckFree also has the global presence and corporate reliability to provide support on a worldwide basis."
"UBS Global Asset Management has one of the most comprehensive and sophisticated buy-side operations in the world," says Mark Zill, senior vice president and managing director of CFACS. "Our rich domain expertise in cross-border settlement uniquely positions us to provide a rapidly deployable solution backed by a global presence."