ATLANTA / NEW YORK SIA 2005 Technology Management Conference Booths #1863 (CheckFree) and #3508 (Accurate) â June 21, 2005 â CheckFree Software, a division of CheckFree Corporation (Nasdaq: CKFR), today launched TradeFlow TPMâ¢ 2.0, a best-in-class transaction process management solution. With this new software platform, CheckFree is enabling global securities firms to manage transaction processing across an enterprise via a single straight through processing (STP) hub.
TradeFlow TPM 2.0 is a next-generation STP solution that combines proven and innovative messaging, workflow and exception management capabilities in a single, integrated, technology platform. TradeFlow TPM 2.0 enables global securities firms to manage the entire post-trade securities process across multiple departments and regions in real-time. Using the solution as a global financial messaging hub, securities firms can improve operational efficiencies and reduce the risk of settlement failure, while maximizing their intra-day assets through real-time positions management.
TradeFlow TPM 2.0 delivers an enterprise-wide financial messaging platform with multi-region and multi-client capabilities. The new platform also provides expanded, pre-configured workflows for multi-instrument confirmation and settlement. Building on its existing capabilities for equities and fixed income, TradeFlow TPM 2.0 now supports foreign exchange (FX), forward foreign exchange (FFX) and money market (MM) investment instruments, giving securities firms exceptional "out of the box" functionality with a minimum of customization required.
Unique to TradeFlow TPM is a real-time, dynamic dashboard, which enables a superior exception management capability for faster resolution of outstanding issues. Based on a single fully integrated architecture, the solution provides a web-based operational dashboard of all exceptions, from which users can drill down into individual cases. TradeFlow TPM also features a web-based user interface, which facilitates efficient global roll-out across multiple locations, leveraging a companyâs existing infrastructure at minimal cost.
A global asset management firm is upgrading its existing TradeFlow TPM implementation to the new enterprise-wide edition, and expects to go live by the end of 2005. Currently, TradeFlow TPM serves as a hub for the firmâs cross-border trade confirmation system, spanning operations in Europe, Asia-Pacific and North America. TradeFlow TPM is the backbone of the system, enabling the trade support team to access real-time, enriched trade information regardless of geography or time zones.
From its European based operations, the new deployment will enable the firm to integrate its transaction processing for regional dealing centers into its cross border system, so that going forward, all transactions will be handled by a single global hub. This enhanced solution will enable the firm to better support its growing U.S. domestic business.
"With one of the most comprehensive and sophisticated buy-side operations in the world, our customer was looking for a business partner that could not only deliver proven solutions on a global scale, but also understand its specific business needs," said Randy McCoy, executive vice president and general manager of CheckFree Software. âThe expansion of TradeFlow TPM to encompass enterprise-level operations positions CheckFree Software to deliver truly global, end-to-end post-trade securities processing solutions.