SmartStream Extends TLM Solutions to Societe Generale Prime Services

SmartStream Technologies, a Transaction Lifecycle Management (TLM) specialist, has had its solutions integrated by Societe Generale Prime Services (SGPS), a leading broker in the derivatives space, according to a SmartStream statement.

In particular, SmartStream will be providing its TLM Reconciliations Premium and TLM SmartRecs solutions for SGPS’ internal and external brokerage operations – furthermore, the integration will also see the extension of the TLM services to Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Traded Derivatives (ETD) reconciliations.

The selection of SmartStream’s TLM capabilities is important for SGPS as the Reconciliations Premium utility will be garnered across multiple departments to help fortify Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and control points. In addition, SGPS will also be afforded worldwide access to directly on-board reconciliations via SmartStream’s Centre of Excellence (CoE).

According to Mark Taylor, Sales Director Asia Pacific, SmartStream, in a recent statement on the selection: “Societe Generale required an easy-to-use solution with the shortest time-to-market. Following a comprehensive internal and external review, TLM Reconciliations Premium and TLM SmartRecs were selected as the optimum solutions.”

“SmartStream’s speed, knowledge and turnaround capabilities, along with a lower total cost-of-ownership appealed to Societe Generale. I am delighted that we were able to demonstrate the value that TLM Reconciliations Premium could provide compared to other solutions and look forward to continuing to build on our relationship with Societe Generale in Asia and across the world,” he added.

Last month, SmartStream made headlines after it launched its TLM Collateral Management adaptor to cater to an augmented lifecycle of trading messages for the non-clearing over-the-counter (OTC) derivatives market.

The TLM Collateral Management Adaptor assimilates SmartStream’s TLM Collateral Management using Acadiasoft’s Margin Sphere clearing services – the launch came on the heels of revised legislation and standards by the International Organization of Securities Commissions (IOSCO) and the Basel Committee.