STP vendor HelioGraph is upgrading its post-trade transaction management product TradeFlow to include business process montitoring (BPM) functionality, Web access and connectivity to Omgeo CTM.
TradeFlow manages the trade confirmation process from initial order through to settlement and interfaces with order management systems, portfolio management packages and links to brokers and custodians to provide complete STP.
The new release, currently in beta and commercially available in August, will enable firms to roll out the system across the enterprise for both operational and business monitoring purposes.
The system will also be Web-enabled, allowing the application to be delivered via any standard browser. In addition, TradeFlow will include connectivity to Omgeo Central Trade Manager (CTM) and extended support of all major operating systems and application server platforms.
Richard Vreeland, COO, HelioGraph, says with this new functionality, the system effectively combines operational functions with advanced staus and process monitoring.
"The scalability and portability of the Web Workstation opens up the possibility of pervasive STP across all functions and regions," he adds.