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 re-tooling 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.
