Archer selects corfinancial’s post trade execution solution, salerio
01 Feb 2016
LONDON, 1 February 2016 – corfinancial, the Financial Services specialist software product firm, today announced that investment management outsource services firm, Archer, has now licensed its salerio product to enhance and extend the post trade confirmation and settlement activities of Archer’s own integrated cloud based platform.
Archer is a technology and services innovator for the investment management industry supporting institutional, private wealth and retail investment managers. Archer provides a fully integrated, secure cloud-based platform that simplifies the investment management process across channels. Archer also uniquely provides selective operations outsourcing that provides managers the ability to choose services that fit their individual needs.
Bruce Hobson, Global Head of salerio, said, “Financial services firms face unrelenting pressures to reduce risk and bring efficiencies to post-trade processing as never before. At the same time, more and more investment management firms are recognising the competitive advantages that their operations can gain by working with specialist outsource services firms. We are thrilled that Archer has selected salerio to enhance their straight-through-processing and scalability requirements, particularly as they look to extend their impressive growth trajectory.”
Andrew Smith, Chief Executive Officer at corfinancial, notes, “Archer represents another strategic step forward in our plan to expand our position for salerio in the US market, and to expand further our footprint in the strategic services sector. This lies at the heart of our own expansion plans.”
Bryan Dori, Archer President & CEO, said, “The right-sourced services model has resonated within the investment management industry. As our business grows, we look for opportunities to enhance our services offering. salerio will allow Archer to provide robust trade status reporting while enabling operational efficiencies.”
salerio (http://www.corfinancialgroup.com/products/salerio/) is a comprehensive post-trade management system designed to automate the post-trade management process enabling firms to reduce risks, lower operating costs and meet ever-evolving regulatory requirements. salerio offers a robust approach to post-trade processing covering confirmation, settlement and tracking of security and treasury trades.
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salerio is an exception management system allowing users to investigate specific issues rather than continuous monitoring of all trades. salerio is a modular system and is configured on a standard model principle. This allows for fixed price implementation costs and short implementation timeframes to the moment that salerio goes live.
In addition to supporting central trade matching, Salerio enables local matching at both the block and allocation level. By providing choice, firms can reduce risks and lower trade transaction costs – all supported within the same workflow
Used by leading investment managers, hedge funds and third party administrators, salerio is one of a range of software systems from corfinancial, the leading London headquartered specialist Financial Services software product developer.
Archer (http://www.archerims.com) is a technology and services innovator for the investment management industry whose clients manage more than $1 trillion in assets. Archer provides a fully integrated, secure cloud-based platform that simplifies the investment management process across channels that facilitates rapid scaling.
Investment managers can grow business confidently with always up-to-date and accessible technology – nothing to install or maintain on servers. Archer also uniquely offers selective operations outsourcing, providing managers the ability to control costs, gain flexibility and speed time to market. Selective outsourcing allows investment management firms to choose the services that fit their needs, allowing them to focus on delivering results.
On behalf of corfinancial
On behalf of Archer