This achievement was made possible by the powerful combination of Brewin Dolphinâs determined and pioneering approach to securing an integrated STP solution with Mondas Radica CAPS, and the scope and flexibility of Telekursâ
corporate actions data delivery systems.
Brewin Dolphin manages over Â£16 billion of funds on behalf of more than 100,000 clients, employing 600 fund managers in 34 offices throughout the UK. With its new STP solution, Brewin Dolphin is able to select relevant securities on a daily basis for same-day delivery by Telekurs in the
ISO15022 international standard format, with elections and transactions now taking place in real time.
As the system is web-based, all that fund managers now need in order to access and process information is a web browser. The Radica CAPS solution is run centrally so it is no longer necessary for every piece of hardware used by fund managers to be of sufficient capacity to support its installation and more users can be added at any time.
âThis is a particularly significant milestone in Mondasâ long and productive relationship with Brewin Dolphin, one of the earliest adopters of Radica CAPS,â says Jarlath McGee, Chief Executive of Mondas PLC. âWe congratulate Brewin on this achievement and very much look forward to continuing to support the further development of its STP solution.â
Beat Koch, Chief Executive Officer of Telekurs (U.K.) Ltd. says: âBrewin Dolphin is the largest private client stockbroker in the UK. A company of this calibre needs to be able to rely on robust data delivered using the latest standards. We are immensely satisfied to be part of this first fully integrated STP solution involving the ISO standard.â
Simon Still Chief Operating Officer of Brewin Dolphin Securities says: âThe next phase of the Radica CAPS development has been important as part of our STP strategy for our Private Client Portfolio Managersâ improved services to clientsâ