SmartStream ETC Integrates Reconciliations into the Settlement Process
SmartStream Technologies announced the availability of its new Electronic Trade Confirmations (ETC) module. SmartStream ETC allows investment and fund managers to create a notification of trade execution and subsequently follow the transaction through the complete reconciliation lifecycle. SmartStream ETC provides inter-system reconciliation between any order management system or trade processing system and the ETC provider on the broker side. The module can be fully integrated into SmartStream Reconciliations for existing clients or licensed independently. Its generic matching capability enables feeds to be taken from the full range of order management, trade processing and ETC systems and it supports a range of file formats, including OASYS, SWIFT and proprietary feeds for inbound and outbound communication.