CM Capital Markets uses multiple networks for transaction processing, including SWIFT and FIX. SunGardâs STeP solution provides CM Capital Markets with seamless connectivity across its networks. STeP MINT has automated SWIFT message processing by connecting several host applications to SWIFT and facilitating the processing of SWIFT payments and order confirmations. SunGardâs STeP intelliMATCH solution is integrated with MINT to automatically match orders to confirmations and trade status. Automated matching and reconciliation processes and early identification of exceptions have helped to eliminate the organizationâs manual processes and have helped it to comply with government regulations.
Antonio DÃaz-Villarejo, director at CM Capital Markets, commented, "We decided to implement a SunGard solution because it could automate all of the processes that would otherwise require multiple systems to automate. The automation we will achieve through SunGardâs STeP messaging and matching and reconciliation solution suite will help improve our STP rates and eliminate manual processing â which in turn will help significantly to reduce our operational costs and risks."
Tom King, president of SunGardâs STeP business unit, said, "CM Capital Marketâs selection of an integrated SunGard solution underlines our ability to provide end-to-end transaction processing and thus help reduce the associated operational risks. STePâs ability to grow alongside CM Capital Marketsâ business includes potential projects such as corporate actions, SWIFTNet Funds, and FIX messaging processing."