BNP Paribas Securities Services Introduces New CheckFree TradeFlow TPM

Wednesday 24 March 2004 18:50 CET | News

BNP Paribas Securities Services has successfully implemented CheckFrees TradeFlow TPM solution, a new straight through processing (STP) technology that automates the Foreign Exchange (FX) deal matching and settlement service offered to clients.Following the successful integration of Cogent, BNP Paribas Securities Services has continued to develop its capabilities to provide an efficient and effective service to clients. TradeFlow TPM was implemented at the end of 2003 and processes FX trades from initial instruction to settlement, interacting with brokers, counterparties and custodians, in markets across the world. TradeFlow TPM was a product of HelioGraph Ltd., a company that acquired by CheckFree Corporation in November 2003. This innovative new technology has strengthened BNP Paribas Securities Services product offering in a number of ways: - Significantly increasing its capacity for handling volumes - Improving the ability to cope with daily fluctuations in volumes - Improving service delivery by decreasing error rates, as well as reducing operational risk - Customising services for a broad range of client environments The clients of BNP Paribas Securities Services will benefit from this development as it will enable true end-to-end STP from the front-office through settlement, thereby significantly reducing the operating risk of their FX trading operations.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce