UK-based Gartmore Investment Management has gone live with DST International's (DSTi) settlement software HiMessaging, as part of a project to move confirmation processing from the back office to the front office.
DSTi says HiMessaging facilitates full STP for trade confirmation and settlement by providing validation, data enrichment and internal matching for equity and fixed income instruments.
The package uses financial messaging software from STP vendor Heliograph, which DSTi supplies under the HiMessaging brand name.
Gartmore says DSTi worked with its own project staff to customise the software for the implementation, which is part of a project to move the trade confirmation process to link to the front office rather than the back office systems.
Wendy Steel, Gartmore's head of information systems, says the firm needed to deploy a trade confirmation package that could provide 24-hour support.
"We chose HiMessaging because it has both the internal and external connectivity necessary," adds Steel.