US investment management firm Loomis Sayles has deployed Heliograph's TradeFlow platform to improve post-trade settlement processes.
Loomis Sayles says 70 per cent of its asset management transactions are now being processed through the HelioGraph platform.
In addition, the firm's client's custodians now have a choice between receiving Swift messages or fully automated faxes. HelioGraph says many smaller custodians are not connected to Swift so this alternative is cheaper, more efficient and helps reduce risk.
Steve Chittenden, vice president, director of investment operations, Loomis Sayles says: "Working with HelioGraph has allowed us to improve the service to our client's custodians, improve efficiencies and cut costs."