The recent financial crisis has highlighted financial institutions’ underinvestment in the middle and back-office. This has resulted in ineffective operational controls, inflexible systems and the inability to respond to the economic downturn.
These inefficiencies have been magnified by increasing transaction complexity and fluctuating volumes; costing market participants around US$18 billion per annum. SmartStream addresses the challenges faced by financial institutions through solutions that cover the entire post-trade lifecycle enabling more efficient, streamlined and cost-effective middle and back office operations.
The adoption of SmartStream’s solutions enables firms to realise market leading match rates in excess of 95%, compared to the industry average of approximately 84%. Furthermore, SmartStream is the only vendor with the ability to link reference data management to reconciliations to deliver enhanced cross-instrument processing across the enterprise.
As a result, our solutions are critical to the retooling of post-trade environments demanded by new regulations – whether it is liquidity transparency, visibility into OTC derivatives positions, removing operational risk or moving operations to true intra-day transaction processing.
SmartStream’s approach to creating, delivering and supporting a range of industry leading solutions delivers significant value to firms, ensuring a rapid ROI and lowering their TCO. This enabled us to outperform our competition during the financial crisis, sustaining our market leadership whilst securing flagship customers for new products and services.