SmartStream Technologies has announced that a new Asian clearing entity has selected TLM Reconciliations as part of its new service offering. The new institution, based in Singapore, aims to deliver outsourcing capabilities for buy-side investors and international broker dealers. It is developing a trade settlement/agency clearing platform that aims to eliminate complexity and cost through trade aggregation. The institution selected SmartStream’s TLM to reconcile its cash, securities transactions, securities positions and inter-system data. The solution’s WebConnect user interface will also help to ensure that new users can be efficiently added to the operations team, delivering functionally-rich dashboards to monitor and manage transaction lifecycles in real-time.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.