New Salerio release supports U.S. domestic securities trade processing

London - 24 May 2010

A new version of Salerio that builds upon existing cross-border, post-trade functionality

COR Financial Solutions (COR-FS) today launched the latest version of its post-trade transaction management solution, SalerioTM.

The new release builds upon the existing cross-border, post-trade functionality in Salerio to provide support for U.S. domestic securities trade processing. This enables asset managers to manage transactions globally, via a single, integrated, straight-through processing (STP) and exception management solution.

“The enhancements have been designed to improve the way in which buy-side firms manage their U.S. domestic securities.” said James Dixon, Product Manager for Salerio. “By integrating the front, middle and back-office systems, Salerio provides a single point of reference for managing trades across multiple geographies once they have been executed.”

Salerio enables investment managers to send their allocations to broker/dealers automatically via Omgeo OASYSSM. Once allocations have been accepted, Salerio supports both central and local matching scenarios.

Central, real-time matching is facilitated by the Omgeo TradeMatchSM service, with Salerio providing accounting system updates based on the status received from Omgeo OASYS-TradeMatchSM.

Where local matching is the preferred option, the existing Salerio trade confirmation module has been enhanced to receive Depository Trust Company (DTC) confirmations via Omgeo TradeSuiteSM and to match them against unconfirmed trades received from the order management or trade order system. This enables users to quickly identify and resolve trading discrepancies.

Salerio also automates the affirmation of matched confirmations as well as electronically communicating settlement details to custodians and other interested parties if required.

“By using our interfaces, clients don’t have to spend time and money building their own links. They can also replace inefficient or manual processes and take advantage of Salerio’s intuitive workflow management capabilities.” added Carl Jenkins, Salerio Business Analyst.

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