Lommis Says Hello to Helio
Asset management firm Loomis Sayles has employed HelioGraph’s Helio TradeFlow solution to enhance its trading and settlement processes. Loomis went live with the Helio TradeFlow STP platform in November 2002 and a recent assessment of the project revealed a number of significant benefits. According to HelioGraph, 70 per cent of Loomis Sayles’ asset management transactions are now being processed through its platform. Helio TradeFlow has also been credited with reducing the cost of managing the trading and settlement process, according to Loomis. Its client’s custodians can now choose between receiving SWIFT messages or fully automated faxes – a benefit to the smaller custodians not connected to the SWIFT network.