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Man Group selects Salerio for FX processing

FX_tradingMan Group has selected Corfinancial’s post-trade processing and settlement software Salerio to automate foreign exchange processing.

The UK-based investment manager said it has relied increasingly upon Salerio, which it already used to automate securities post-trade processing, in its international growth strategy.

This latest agreement will see Salerio’s use expanding to manage Man Group’s foreign exchange confirmation, settlement, and netting processing.

Richard Craske, change management specialist at Man Group, said the firm had been a long-term user of Salerio to manage trade and settlement.

“The high volume of our securities trading – that can reach in excess of 30,000 allocations per day – demands the very best in technology and Salerio has more than proved its worth,” said Craske. 

“We now want to incorporate foreign exchange processing and CLS netting in the same, centralised processing model.”

He added that Salerio’s treasury modules will allow the firm to continue to scale its operations efficiently, allowing teams to focus on handling exceptions.

© 2021 fundsTech

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