A finger on the pulse of T+1 in the EU & UK

T+1 in the EU & UK

The practical challenges facing financial institutions and indicators of their preparedness for the deadline.

A recent ValueExchange webinar, hosted in partnership with Clearstream and Euroclear, provided some valuable insights into the industry’s transition to T+1 settlement across the UK and EU. Drawing on a survey of 350 financial professionals, the panel explored the practical challenges firms face and argued that the shift should be treated as an opportunity to improve efficiency rather than a narrow compliance exercise.

The panel brought together Kathy Waldie, Head of Target Services Governance and T+1 Programme Lead at Clearstream; Gareth Jones, Head of Settlement and Cash Product Management at Euroclear, who oversees T+1 across the organisation; and Emma Johnson, Head of Industry Advocacy and Insight at ValueExchange, the group’s resident T+1 authority.

The discussion opened with a look at how prepared the market actually is. A live poll showed that half of attendees remain in the planning phase, with a smaller proportion further along in building or testing their systems. The panellists were candid in saying they had hoped to see more firms move past planning by this stage, particularly with deadlines arriving before the end of the current year, well ahead of the headline October 2027 date. They noted that the core infrastructure of the market, including custodians and dealers, along with the more established geographies, tend to be further along than the rest of the industry.

Read the full summary

T+1 Two Years On: Why Automation Is Now the Defining Challenge for U.S. Asset Managers

T+1-Two-Years-On-Why-Automation-Is-Now-the-Defining-Challenge-for-US-Asset Managers

Two years after the U.S. securities industry successfully transitioned to T+1 settlement, the market can confidently regard the initiative as a success. When the move from T+2 to T+1 settlement was announced, many industry participants anticipated significant disruption. Concerns ranged from compressed operational timelines and increased settlement risk to heightened pressure on middle- and back-office teams. Yet, despite these challenges, the industry achieved one of the most significant post-trade transformations in recent decades with remarkably few disruptions.

The successful implementation of T+1 demonstrated the resilience, collaboration, and adaptability of the U.S. capital markets ecosystem. Asset managers, custodians, broker-dealers, fund administrators, and technology providers worked together to redesign processes, improve communication, and accelerate trade workflows.

However, now that the industry has had two years to operate in a T+1 environment, a new reality is emerging. The transition itself may be complete, but the operational pressures created by shorter settlement cycles remain. For many firms, particularly small and mid-sized asset managers, the focus has shifted from managing T+1 to sustaining it efficiently. Increasingly, automation is becoming not simply an advantage but a necessity.

The Initial Impact of T+1

The move to T+1 fundamentally changed the post-trade operating model. Under T+2, firms had an additional day to resolve discrepancies, affirm trades, manage allocations, and address exceptions. The reduction of the settlement window by 50% compressed these activities into a significantly shorter timeframe.

For asset managers, the impact was immediate.

Trade allocations needed to be completed earlier. Matching and affirmation processes had to occur more quickly. Operational teams faced tighter deadlines to identify and resolve exceptions before settlement. Any delays or manual bottlenecks that had previously been manageable under T+2 suddenly became material risks.

Many firms responded by extending operating hours, increasing staffing support during the transition period, and conducting extensive readiness programmes. Operations teams worked closely with custodians and counterparties to establish new workflows and service level expectations.

The industry’s success was largely driven by preparation. Firms invested heavily in process reviews, workflow redesign, and targeted technology improvements to ensure settlement readiness from day one.

What Firms Learned

Two years on, the lessons from T+1 are becoming clearer.

The first lesson is that operational efficiency is no longer optional. Under T+1, there is little room for manual intervention. Every exception requires faster resolution, every workflow must move more quickly, and every delay carries greater risk.

The second lesson is that visibility across the trade lifecycle is critical. Firms that invested in real-time monitoring and exception management capabilities were better positioned to identify issues before they impacted settlement outcomes.

The third lesson is perhaps the most important: firms that automated key processes adapted more effectively than those that relied on manual workflows.

While many larger asset managers entered the transition with mature operating models and significant technology investments, smaller firms often relied on spreadsheets, email-driven processes, and fragmented systems. These approaches may have been sufficient under T+2, but they are increasingly difficult to sustain in a T+1 environment.

The Growing Challenge for Smaller Asset Managers

Large global asset managers have generally absorbed the operational demands of T+1 through investments in technology, data management, and workflow automation. Smaller firms, however, face a different challenge.

Many boutique asset managers and emerging investment firms operate with lean teams and limited technology budgets. Operational teams are often expected to manage growing volumes of activity without corresponding increases in headcount.

In this environment, manual processes create both operational and strategic risks.

Operational teams spend valuable time chasing trade confirmations, reconciling data across multiple systems, managing exceptions manually, and responding to settlement issues. As transaction volumes increase, these inefficiencies become more pronounced.

Furthermore, regulatory expectations continue to rise. Investors increasingly expect operational excellence, transparency, and resilience from their asset managers regardless of firm size.

The result is a growing gap between firms that have embraced automation and those that continue to depend on manual processes.

Automation Has Become the Next Phase of the T+1 Journey

The industry’s successful migration to T+1 should not be viewed as the end of a transformation programme. Rather, it represents the beginning of a broader shift towards highly automated post-trade operations.

Automation addresses many of the challenges exposed by T+1.

Automated trade processing reduces operational touchpoints and minimizes the risk of human error. Automated exception management allows firms to identify and prioritize issues before they become settlement failures. Automated reconciliations improve data quality while reducing the burden on operations teams.

Perhaps most importantly, automation enables scalability. As firms grow, automated processes can handle increased volumes without requiring proportional increases in operational resources.

This scalability is becoming increasingly important as firms seek to remain competitive in an environment characterized by margin pressure, regulatory complexity, and growing investor expectations.

Why the Case for Automation Is Stronger Than Ever

Two years of operating under T+1 have provided firms with a clear understanding of where inefficiencies exist.

Many organizations that initially managed the transition through additional staffing or temporary workarounds are now recognising that these approaches are not sustainable over the long term.

Labour-intensive processes increase operational costs and expose firms to key-person dependencies. Recruiting experienced operations professionals remains challenging, while increasing headcount does not necessarily solve underlying workflow inefficiencies.

Automation offers a more sustainable solution.

By reducing manual intervention, firms can improve settlement performance, lower operational risk, and redeploy staff towards higher-value activities such as oversight, analytics, and client service.

In an increasingly competitive market, these benefits are becoming strategic differentiators rather than simply operational improvements.

The Role of Salerio®

For smaller and mid-sized asset managers, one of the key barriers to automation has historically been complexity. Traditional transformation projects often required significant investment, lengthy implementation timelines, and dedicated internal resources.

This is where specialist automation providers such as corfinancial® are helping to reshape the market with the Salerio exception management based trade matching and settlement solution.

Salerio’s approach focuses on enabling firms to automate critical operational workflows without the cost and disruption typically associated with large-scale technology projects. By streamlining post-trade processes, reducing manual intervention, and improving operational visibility, firms can achieve many of the benefits traditionally associated with larger technology programmes.

Importantly, this allows smaller asset managers to compete on a more level playing field with larger organizations. Automation is no longer the exclusive domain of global institutions with extensive technology budgets. It is increasingly accessible to firms of all sizes.

As the industry continues to evolve, solutions that deliver rapid operational improvements while supporting long-term scalability will become increasingly valuable.

Looking Ahead

The transition to T+1 will ultimately be remembered as more than a settlement cycle change. It exposed inefficiencies that had existed within post-trade operating models for years and accelerated the industry’s move towards automation.

Two years on, the firms that have thrived are not necessarily those with the largest operations teams. They are the firms that embraced more efficient workflows, improved visibility, and invested in automation.

For smaller asset managers, the message is particularly clear. The question is no longer whether automation is required for a T+1 world. The question is how quickly firms can implement it to remain competitive, resilient, and scalable.

The industry’s successful adoption of T+1 proved what can be achieved through collaboration and preparation. The next chapter will be defined by automation.

BITA REG-9™: The Premier Solution for Fiduciary Compliance and Oversight

BITA REG-9: The Premier Solution for Fiduciary Compliance and Oversight

In today’s increasingly complex regulatory environment, trust companies, national banks, and wealth management institutions face growing pressure to maintain effective oversight of their fiduciary activities while operating efficiently. Yet many organizations continue to rely on spreadsheets, manual processes, and legacy systems that were never designed to support the comprehensive requirements of Regulation 9 (Reg-9).

BITA REG-9 was built to change that.

 

Purpose-Built for Reg-9 Management

Unlike generic trust accounting and operations platforms, BITA REG-9 is specifically designed to help trust institutions manage, monitor, and document their Reg-9 compliance responsibilities. While many organizations utilize other’s systems for core trust operations, these platforms often provide only limited functionality for Reg-9 oversight and administration.

BITA REG-9 fills this critical gap by delivering a dedicated compliance and oversight platform tailored to the unique needs of trust departments.

The result is a solution that enables institutions to move beyond spreadsheets and fragmented workflows and adopt a centralized, structured approach to fiduciary oversight.

 

Eliminate Manual Processes and Duplicate Work

One of the most common challenges facing trust organizations today is the amount of manual effort required to maintain compliance records and prepare for audits and examinations. In many institutions, information must be entered multiple times across different systems, creating inefficiencies, increasing operational risk, and consuming valuable staff resources.

BITA REG-9 streamlines these processes by centralizing information and automating key compliance workflows. By reducing duplicate data entry and minimizing reliance on manual spreadsheets, organizations can significantly improve productivity while strengthening controls and data accuracy.

 

Empower Your Team to Focus on Higher-Value Activities

Trust professionals should spend their time serving clients, managing fiduciary relationships, and providing strategic oversight, not maintaining spreadsheets or compiling reports by hand.

BITA REG-9 helps organizations free their staff from time-consuming administrative tasks, allowing them to focus on activities that deliver greater value to clients and the institution. By simplifying compliance management and oversight processes, teams can work more efficiently and effectively across all areas of trust administration.

 

Better Reporting. Better Oversight. Better Decisions.

A frequent complaint among trust departments is the difficulty of producing meaningful management reports from existing systems. Gathering data from multiple sources often results in inconsistent reporting, delayed decision-making, and limited visibility into compliance activities.

BITA REG-9 provides comprehensive reporting capabilities that transform compliance data into actionable management information. Executives, compliance officers, and trust administrators gain greater transparency into oversight activities, enabling faster decisions, stronger governance, and improved accountability.

With flexible reporting and monitoring tools, institutions can easily demonstrate compliance, identify trends, and maintain confidence in their fiduciary processes.

 

The Industry’s Dedicated Reg-9 Platform

As regulatory expectations continue to evolve, institutions need more than generic operational software. They need a specialized platform that understands the unique requirements of fiduciary oversight.

BITA REG-9 stands apart as a dedicated solution created specifically to support Regulation 9 compliance management. By replacing outdated manual processes with a modern, efficient, and centralized system, organizations can improve oversight, enhance reporting, reduce risk, and increase operational efficiency.

For trust companies and national banks seeking a smarter approach to Reg-9 administration, BITA REG-9 is the premier solution for managing compliance, strengthening governance, and empowering fiduciary teams to perform at their best.

The future transition of T+1 in the UK

An interview with Andrew Douglas, chair of the UK Accelerated Settlement Taskforce Technical Group

In November of 2024, the European Securities and Markets Authority (ESMA) recommended that the European Union (EU) adopt a deadline of 11 October 2027 for a change to a T+1 trade settlement lifecycle for securities, the same deadline proposed by the UK Accelerated Settlement Taskforce in its February 2025 report: https://acceleratedsettlement.co.uk/publishes-final-implementation-plan/

corfinancial® recently sat down with Andrew Douglas, chair of the UK Accelerated Settlement Taskforce Technical Group (AST), charged with overseeing the delivery of a T+1 settlement cycle in the UK. In this interview we discuss the future transition of T+1 in the UK and the practical steps asset management firms can take to smooth the process.

Andrew Douglas: “Winston Churchill famously, if the contents of a report had to be actioned immediately, would add a note to the report that read: ‘Action This Day’. What people may not know is that that today five percent of UK cash equity trades are already settling on T+1. It is clearly possible to operate a T+1 system within a T+2 environment and I encourage all participants to ‘action this day’ and make the change to T+1 sooner rather than later.

Reflecting on what happened in the US, with only three months to go 30% of firms had done little to prepare according to research prepared by the Value Exchange, who undertook periodic readiness or ‘pulse survey’ studies across a wide cross section of participants. We are planning to ask Value Exchange to do the same in the UK, starting in 2025 with a pulse survey every 6 months so we can track our own readiness.

‘Don’t wait until 11 October 2027’ is the key message. I advise firms to stay informed and use information published on our new website at www.acceleratedsettlement.co.uk, and extract from it what you need to do to be compliant. Create a development plan and use the 2025 budget cycle to secure funding for your preparatory projects in 2026 – carrying out the necessary updates to your own back- and middle- office processing. This will ensure that at the start of 2027, your firm will be ready for testing.”

Read the full interview

Salerio: Defeating the Clock in Post-Trade Processing – Your Imperative Solution in the Age of T+1 Settlement

Defeating the Clock in Post-Trade Processing

In the relentless race against time in the operational world of asset management, the ticking clock of the T+1 trade processing arrival can be your greatest adversary. The post-trade processing landscape is evolving, and the consequences of falling behind are dire. In the business-critical environment, Salerio emerges as the indispensable guardian of your firm’s efficiency and success. Without it, the cost of lagging behind is a haunting reality.

The Threat of the ‘T+1 Arrival’: A Race Against Time
Shifts towards more T+1 settlement cycles are reshaping the fabric of post-trade processing. The demands for speed, accuracy, and compliance have never been higher. Asset management firms find themselves at a crossroads, where manual processes and outdated systems are becoming obsolete relics in the face of a ticking clock.

“Automate for Acceleration” – Automation for faster and error-free post-trade processes.

The consequences of missing T+1 deadlines are severe, ranging from financial penalties to reputational damage that can harm a firm’s standing in the industry. Falling behind is a palpable concern, and without a solution like Salerio, the risks are significant.

Salerio: Your Unassailable Fortress in the T+1 Era
Salerio is not just a solution; it is the imperative answer to the challenges posed by the arrival T+1 in several trading regions, with more to come. This cutting-edge software system is engineered to automate and streamline post-trade processing, ensuring that your firm not only meets but surpasses the demands of the accelerated settlement cycles.

Automated Efficiency:
Salerio eliminates the shackles of manual processing, ushering in an era of unparalleled efficiency. It automates complex post-trade workflows, reducing the risk of errors and ensuring that your firm operates at the speed imposed by T+1 trading. No longer will you be tethered to time-consuming, error-prone processes that put your firm’s operational costs on the line.

Real-Time Visibility:
In the T+1 era, information is power. Salerio provides real-time visibility into post-trade activities, enabling your firm to make informed decisions swiftly. With a comprehensive overview at your fingertips, you can navigate the complexities of post-trade processing with confidence; never being blindsided by unforeseen challenges.

The Reality for Those Without Salerio
For those without Salerio, T+1 is fraught with problems. Picture a scenario where every second counts, and the absence of automation leaves your firm mired in the inefficiencies of outdated processes. The fear of missing T+1 deadlines, of incurring financial penalties, and tarnishing your firm’s reputation becomes a real issue for concern.

In the fast-evolving landscape of post-trade processing, the time for complacency is over. Salerio is your shield against the impending storm. Don’t let the ticking clock dictate your fate – embrace the transformative power of Salerio and be a frontrunner in the race against time. The future of post-trade processing belongs to those who embrace innovation – make Salerio your ally in conquering the operational challenges of the changing T+1 era.

If you would like to discuss any of the points raised here, please contact us at resources@corfinancialgroup.com or click here to learn more about corfinancial’s post-trade settlement solutions, Salerio and SureVu.

Are your trade processing systems fit for purpose?

Not fit for purpose showing an ice cream cone

David Veal, Senior Executive at corfinancial®, outlines why trade processing systems in the buy-side arena may no longer be fit for purpose.

Wealth Management

The T+1 settlement cycle is due to be instigated in May 2024, and efficient trade processing systems are critical for the smooth operation of any financial institution. However, when such systems fail to address demands for accurate, efficient, and fast-paced processing, it can have far-reaching consequences for an organisation. This article dissects key factors that can lead to the failure of a trade processing system being fit for purpose, with a focus on common technical and operational issues. 

Root causes of problems with dated trade processing systems

Technical issues
Inadequate infrastructure: one of the primary technical issues that contribute to the failure of such systems is outdated and inadequate infrastructure – Dated systems often struggle to handle an increasing volume of trades, leading to performance bottlenecks and frequent outages.

Integration challenges: the lack of integration with other critical systems, further exacerbates technical shortcomings – This results in a disjointed workflow and hinders real-time decision-making.

Scalability problems: many in-house systems can fail to scale effectively with the growing demands of the business. As a result, increasing numbers of trades lead to delays, inaccuracies, and ultimately economic and reputational costs from failed trades.

Operational issues
Inefficient processes: poor or manually orientated operational processes play a significant role in the failure of many trade processing systems. Manual data entry, redundant workflows, and a lack of automation lead to errors, delays, and increased operational costs.

Inadequate training or intuitive functions: lead to suboptimal utilisation of a system’s capabilities and an increased risk of errors.

Insufficient monitoring and alerts: the absence of robust and timely alerts means that potential issues are not identified and addressed in a proactive manner. A reactive rather than proactive approach further exacerbates the impact of operational challenges.

Needing more people: reducing operating windows, where exception management is not maximised, results in a need for ‘more hands on deck’, in order to beat the clock. Changing working hours for operational staff can be challenging and costly.

Implementing changes
Organisations need robust solutions to address the technical, operational, and procedural challenges that lead to failures associated with ineffective systems. Two prominent platforms that have demonstrated effectiveness, governance, and controls in trade processing management are Salerio and SureVu from corfinancial.

Salerio is a trade management platform known for its ability to streamline trade processing operations and enhance efficiency, addressing technical issues that plague trade processing systems.

Here is how Salerio can serve as a solution:

  1. Scalable infrastructure: designed to handle high volumes of trades, ensuring that the system can adapt to the evolving needs of the business without compromising performance.
  2. Seamless integration: Salerio offers seamless integration with other critical systems, including OMS and position-keeping platforms. This integration fosters a cohesive workflow, enabling real-time decision-making and reducing the risk of disjointed operations.
  3. Automation and workflow optimisation: by automating manual processes and optimising workflows, Salerio minimises errors and delays associated with inefficient operational procedures, leading to increased operational efficiency and reduced costs.

SureVu is a failed trade management solution designed to enhance an organisation’s adherence to industry standards and regulations. In the wake of the new Settlement Discipline Regime (‘SDR’) introduced by the CSDR, SureVu plays a pivotal role in failed trade avoidance, rather than failed trade management activities still adopted by many firms.

SureVu provides governance to reduce the risk of settlement discrepancies. Its intuitive interface empowers users to avoid settlement failure rather than manage it, enabling high levels of STP.

Solving the problems
By integrating Salerio or SureVu into the operational framework, organisations can easily address the root causes of previous system failures.

Salerio’s technology addresses trade matching and processing issues, while SureVu helps firms avoid settlement failure as opposed to managing it after the fact. As part of a core middle office solution, these systems provide a comprehensive approach to trade management, fostering a resilient trade processing operation for sustainable growth when replacing dated solutions.

Salerio and SureVu resolve operational headaches and fears of a costly operational team that are destined to be a reality in the second half of 2024 cost-effectively and comprehensively. Salerio and SureVu do it well… and that includes the price.

If you would like to discuss any of the points raised here, please contact us at resources@corfinancialgroup.com or click here to learn more about corfinancial’s post-trade settlement solutions, Salerio and SureVu.

T+1 settlement – The imperative for automated solutions in the securities market

T+1 global transactions

By Samil Aslam, Research Analyst at corfinancial®

Efficient settlement processes are crucial to the smooth functioning of the securities market. The introduction of T+1 settlement, where trades are settled one business day after the transaction, has gained significant attention in recent months. This shift from the T+2 settlement lifecycle has presented both opportunities and challenges for market participants. To navigate these complexities and streamline operations, automation has become essential. In this article, we delve into the impact of T+1 settlement and highlight the need for automated solutions, regardless of the global region introducing the change. 

The significance of T+1 settlement
T+1 settlement has brought about several advantages that contribute to a more efficient market. By reducing the settlement period, it minimises counterparty risk and provides quicker access to funds, enhancing liquidity. It also reduces the need for participants to tie up capital for an extended period, allowing them to deploy it more effectively. Additionally, shorter settlement cycles reduce market participants’ exposure to potential market risks, resulting in a more stable and secure trading environment.

Data and statistics have consistently shown that shorter settlement periods, such as T+1, can significantly impact market volatility. Studies indicate that shorter settlement cycles can reduce the scope for speculation and market manipulation, thereby enhancing market integrity and increasing market efficiency.

With the implementation of T+1 settlement, market participants face the challenge of adapting to a faster-paced settlement process. Manual settlement procedures that rely on cumbersome paperwork, manual reconciliation, and communication between various parties are increasingly becoming inefficient and error-prone. To address these challenges, automation is essential.

Settlement failure and non-compliance with the settlement discipline regime can harm an asset management firm’s reputation. These incidents may be perceived as a lack of operational robustness or failure to meet regulatory requirements. Negative publicity could result in a loss of client trust, potential outflows of assets under management, and damage to long-term business relationships.

Increased operational complexity and costs
The settlement discipline regime introduces new requirements and procedures, such as mandatory cash penalties and transaction reporting obligations. Asset management firms need to adapt their existing processes and systems to ensure compliance, which often involves significant operational changes. The additional complexities can strain internal resources and require substantial investments in technology and infrastructure.

Asset management firms may also face increased operational costs due to potential penalties for settlement fails. The additional expenses associated with compliance can impact profitability and potentially lead to higher fees for investors.

The move to T+1 is undoubtedly a step forward for the industry, but key questions remain for middle office or operational teams:

  • Will your operational practices easily adapt to the pressures of T+1 deadlines?
  • Does your trade processing technology enable you to proactively avoid trades from failing?
  • Is your platform scalable enough to adapt to the demands of same-day processing activities?
  • Are you prepared for custodians to change their Service Level Agreements?
  • Are you prepared for your operating day to be extended?

Salerio and SureVu: automated solutions for efficient settlement
Salerio and SureVu are cutting-edge technologies that streamline the settlement process, reducing risks and increasing operational efficiency. Salerio is an automated post-trade management solution that ensures timely and accurate reconciliation of trades, automating the matching of trades across multiple platforms. By eliminating manual intervention, Salerio reduces settlement failures and minimises the risk of trade discrepancies.

SureVu, on the other hand, is an advanced tool that provides real-time insights into the settlement process. It leverages data to monitor trade statuses and proactively identifies settlement issues. With SureVu, market participants gain comprehensive visibility into their trades, enabling timely interventions and minimising settlement failures.

Automation eliminates manual errors and reduces the time spent on manual reconciliation, freeing up resources for more strategic tasks.

All of which address the bullet point questions raised above.

Conclusion
The introduction of T+1 settlement has ushered in a new era of efficiency and reduced risk in the securities market. However, to fully harness the benefits of shorter settlement cycles, market participants must embrace automation. Solutions like Salerio and SureVu offer the necessary tools to streamline post-trade processes, minimise settlement failures, and enhance overall operational efficiency. By leveraging automation, market participants can navigate the complexities of T+1 settlement with confidence, fostering a more robust and secure securities market for all stakeholders. Automation eliminates manual errors and reduces the time spent on manual reconciliation, freeing up resources for more strategic tasks.

If you would like to discuss any of the points raised here, please contact us at resources@corfinancialgroup.com or click here to learn more about corfinancial’s post-trade settlement solutions, Salerio and SureVu.

Salerio trade processing goes live at Jennison Associates

Jennison Associates + Salerio

New York, March 14, 2023 – corfinancial®, a leading provider of specialist software to the financial services sector, announces that New York-based investment manager Jennison Associates (Jennison) has implemented Salerio, their post-execution trade processing, matching, confirmation and settlement instruction management system.

Salerio’s centralized trade processing management enabled Jennison to retire several inefficient and expensive-to-maintain legacy systems. This provided major gains in data accuracy and real-time management of executed trades earlier in the middle office trade management process.

Jason Minkler, Managing Director and Head of Operations at Jennison Associates, said: “Salerio provides exception management workflows across multiple asset classes via a centralized dashboard which has significantly improved our middle-office processes. We are now able to automate trade workflows and reduce operational risk. The software delivers the mission critical capabilities and governance needed to get ahead of issues.”

Minkler adds: “The Jennison team and corfinancial worked very well together, forming a strong partnership that gave us a solid knowledge base before going live with equities in December. Additional asset classes are scheduled to go live throughout 2023. Furthermore, Salerio supports Jennison’s global trading model, with corfinancial providing round-the-clock support.”

David Veal, Senior Executive – Client Solutions at corfinancial, said: “Our post-trade processing solution is intuitive, making it easy for clients like Jennison Associates to migrate away from legacy systems with confidence. Working in partnership with Jennison, we have enhanced Salerio, which will benefit firms preparing for T+1.”

Founded in 1969, Jennison Associates manages $164 billion of client assets (as of December 31, 2022) in a range of equity and fixed income investment strategies. Jennison’s investing approach is rooted in its fundamental research and security selection; all portfolios are built from the bottom-up, security by security, and its internal research underlies all investment decisions.

For more information on the salerio solution, contact corfinancial at info@corfinancialgroup.com.

Archer turns to Salerio to add retail trade processing

Archer logo

Boston, May 3, 2022 – corfinancial®, a leading provider of specialist software and services to the financial services sector, announces that Archer, a leading technology enabled service provider for investment managers, has extended their use of corfinancial’s  Salerio® Post-Trade Execution solution to commence trade processing for their retail services.

Headquartered in the Philadelphia region, Archer provides a robust ecosystem of technology and services to the asset management industry. An early adopter of Robotic Processing Automation, Archer continues to deploy advanced technology like Salerio to streamline processes for investment manager clients and their brokers.

“As more investment managers launch new products specifically for retail investors, we’re continuing to invest in technology that creates powerful operational efficiencies for our clients,” said Bob Lage, EVP, Global Head of Product and Technology at Archer. “At Archer, we’re always looking to upgrade our tools in ways that allow our clients to grow their businesses. By integrating Salerio into our trade settlement process, we are adding automation that creates significant efficiencies in matching trades across our clients’ counterparties.”

Archer used Salerio to migrate its institutional clients away from DTCC’s OASYSTM utility in December 2021 and began moving its retail clients in March 2022. This latest move with the retail application of the technology enables asset managers to match trades more rapidly through a centralized service. Specifically, Salerio facilitates enhanced connectivity to banks and brokers via DTCC’s CTMTM utility, including SWIFT messaging – all highly automated and fully integrated into the Archer IBOR, dashboards and reporting.

David Veal, Senior Executive for Client Solutions at corfinancial added: “Archer’s confidence in our Salerio solution is well-received and this recent change reflects the flexibility of our product to adapt to different operational processes, creating a comprehensive, centralized solution that can scale as our clients’ businesses grow.”