ClearPriority® s.a. Partners With Satisco s.a.
to Automate Portfolio Management System (PMS) Monitoring
The PMS Monitoring SmartPack will enable financial services firms to monitor trade execution and settlement workflows on the Odyssey Triple’A trading platform in real-time.
Brussels – September 02, 2009 - ClearPriority and Satisco today announced a collaborative effort to deliver the PMS Monitoring SmartPack, a dedicated, real-time monitoring application for customers using the Triple’A Portfolio Asset Management system.
Operational risk exposure – such as losses resulting from inadequate or failed internal processes, people or systems, or from external events – represents a major challenge facing financial services firms today. These firms need to implement real-time monitoring technology that will lead to more transparent trade execution information and effective controls.
This packaged monitoring application will provide financial services firms with unique visibility into their trade and settlement workflows. By monitoring critical control points across functional and geographic domains in real-time, it will help minimize operational risk exposure. Specifically, the PMS Monitoring SmartPack will track trading workflows covering various forms of trade confirmation, as well as clearing, payment and settlement of securities to reduce the risk of failed trades due to missing or inaccurate information.
The PMS Monitoring SmartPack will leverage ClearPriority’s open and real-time monitoring platform to collect, analyze and correlate trade execution and settlement events.
“We are delighted to join Satisco in developing this PMS monitoring application”, said Christophe Delcorte, CEO, ClearPriority. “The PMS Monitoring SmartPack will demonstrate the flexibility and speed with which end-users can develop monitoring solutions that are dedicated to specific business issues”.
The PMS Monitoring SmartPack will provide real-time controls over trade execution workflows, enhancing Business, Middle and Back Office, and PMS Support/IT efficiency.
“Our experience acquired with large financial institutions enables us to understand the critical importance of application monitoring – from both a business and technical standpoint – particularly in Trading and Settlement environments”, said Joseph Bodart, Sales Director, Satisco s.a. “Our workflow expertise in the Triple’A trading environment in particular, combined with the power of the ClearPriority platform, gives rise to an operating risk monitoring solution that will prove invaluable to ensure business continuity”.
The combination of Satisco’s global securities industry expertise with ClearPriority’s real-time monitoring technology is ideally suited for financial services organizations. It also offers special value for Triple’A customers who need to quickly unite trade execution and settlement monitoring across multiple departments and business units.
About ClearPriority:
At the forefront of real-time event monitoring technology, ClearPriority provides the first open and flexible application-independent risk monitoring platform. Based in Waterloo, Belgium, the company helps financial institutions achieve greater control on a wide variety of risk exposure. ClearPriority enables Chief Risk Officers and Business Managers to quickly tailor real-time monitoring solutions across heterogeneous environments.
About Satisco:
A Luxembourg-based consulting company with activities throughout Europe, Satisco s.a. brings a unique blend of financial industry knowledge and technology integration expertise. Major European financial firms rely on Satisco for the development of integrated front-, middle- and back-office systems.
Satisco has developed, in particular, extensive experience in design and implementation services focusing on Odyssey’s Triple’A PMS technology.