peterevans Extends Systems Awards Winning Run

peterevans has scooped a major prize for the fourth year running at the 2005 Systems for the Securities Industry Awards.

The Company won the ‘STP Efficiency’ Award, at the ceremony (22 April) which took place at the BT Centre as part of Summerson Goodacres’ annual Systems in the City convention.

peterevans previously won the annual event’s LSE sponsored ‘Superior Customer Service’ Award three years in a row – the first Company to achieve the accolade.

The ‘STP Efficiency’ Award recognises innovation and effectiveness in straight through processing, and highlights the innovative features of the Company’s flagship back office systems TRACS and Axim which provide high levels of STP as part of a complete system solution. It was accepted by peterevans Managing Director Dr Mike Foley from renowned BBC football commentator John Motson, who hosted the event. Also attending were Lord Mayor of London Michael Savory and Mudlark columnist Clay Harris of the Financial Times which sponsored a new category The Mudlark Award.

"We are delighted to receive formal recognition from the industry for the efficiency of our systems," said Mike Foley.

"Effective STP is a backbone for the securities field – timely and efficient processing and transaction handling are critical to institutions. peterevans is constantly looking to improve STP rates and innovate with automation and the creation of shorter settlement times. We’re grateful to all of those who voted for us in the ‘e-ballot’. This award throws the spotlight onto the importance of good and reliable STP levels," he said.

Summerson Goodacre Managing Director Stephen Pinner, who welcomed guests to the ceremony, said the valuable work done in the back office often went unrecognised.

"Often, it’s only when something goes wrong do back office system providers find themselves in the spotlight. The STP Efficiency Award aims to redress the balance, and we’re delighted that peterevans have been recognised for their continually innovative approach."

peterevans is one of the UK’s leading independent suppliers of sophisticated back and middle office systems to the securities industry. The Company, which celebrates its 21st year in business in 2005, works with some of the City of London’s leading institutions.

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