Share page with AddThis

News

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

Most read features

Cryptocurrencies: Solving crypto’s sustainability problem

Cryptocurrencies like bitcoin have a huge carbon footprint but, as Nicholas Pratt discovers, environmentally friendly alternatives exist.

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Proxy voting: Making every vote count

With stewardship more important than ever and digital technology to the fore, surely it is time to solve the problem of proxy voting? Nicholas Pratt investigates.

Interview: Rise of the robo-adviser

FundsTech talks to Nutmeg’s CTO, Matt Gatrell, about the role of technology in its online offering.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Sponsored Profiles

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...

Sponsored profile: A question of trust

AcrobatsAs more firms adopt agile software development practices, Petra Roche of Metrosoft explains why trust is so important in making agility work.

Sponsored feature: Compliance and the case for agility

CheetahFundsTech talks to Janusz Lorenc, CEO of Metrosoft, about asset managers’ approach to compliance risk and the case for agile software development.