Capitalgest needed a solution that would help reduce the cost of manual operations for the post-trade process, in particular those related to allocation and confirmation messaging. Increasing process automation and decreasing operational risks were high on its requirements list, alongside improving client satisfaction.
STeP Trade Management, integrated with Decalog, offers a complete trade management solution. It consolidates allocation, confirmation and settlement services onto a single platform and can be customised to fit business processes. The STeP Trade Management dashboard gives business users a unified view of the stages in the post-trade process and the ability to help manage and control the process across asset classes and across external services. The solution extends to post settlement with the integration of SunGard's STeP matching, reconciliation and exceptions capabilities. SteP Trade Management also integrates with the SunGard Transaction Network (STN).
Sebastiano Di Pasquale, managing director of Capitalgest, said, "As an existing customer of SunGard the decision to extend our SunGard Decalog solution to include the STeP Trade Management CTM bridge was a natural one.
The seamless integration of Decalog and STeP Trade Management will help us to automate the connectivity between Decalog and Omgeo's CTM. We will now be able to replace existing manual confirm and instruction processes for equities and bonds, handle new trades, material revisions and cancellations.
The automated connection to the CTM will provide our users with real-time information on trade status."
Tom King, president of SunGard's STeP business unit, added, "We are pleased to have Capitalgest extend its relationship with SunGard by taking SteP Trade Management. Asset managers are looking to automate and reduce costs of post-trade processing by integrating and managing flows between internal applications and external services. CapitalGest saw that STeP Trade Management fit with its requirement for a packaged application with quick time to market that can extend to cover its post-trade processing needs."
Thorsten Heissel, president of Decalog, said, "We are very pleased to help contribute to Capitalgest's greater efficiency in terms of trade automation and post-execution services. The seamless integration between Decalog and STeP demonstrates SunGard's ability to provide complete process automation for asset managers."