US investment manager Loomis Sayles is to implement HelioGraph's TradeFlow STP platform to manage the upcoming change-over to the new ISO 15022 securities message standard.
Loomis Sayles has licensed HelioGraph's Message Broker EAI solution along with a number of Message Workstations (for exception processing, trade monitoring and SSI entry) and the Helio IDE which gives the user control over the configuration of the system.
The software will be used to automate the creation of MT540 ISO 15022 settlement messages and MT304 FX messages from trade details generated by Loomis' portfolio accounting software, DST International's Global Portfolio System. TradeFlow will also automatically enhance messages with standing settlement instructions (SSIs), allow users to monitor the status of all trades and offer a dynamic templating environment in which to process any exceptions.
The implementation is expected to take about 45 days and the solution is currently undergoing testing.