Simplex to deliver COR Financial System as ASP
Simplex has announced that it has signed an agreement with COR Financial Solutions (“COR”) to deliver Salerio e2e, COR’s electronic trade confirmation (ETC) and electronic trade delivery (ETD) software, to the fund management community as an ASP solution. The agreement means that Simplex can now offer Salerio e2e on a per-transaction model, as part of SecAS, Simplex’s ASP proposition for the securities market. SecAS comprises a set of modules that can be used independently of each other, or together to form a complete post-trade processing solution. SecAS is built upon the successful rollout of the Simplex Steria SWIFT Service Bureau, launched in September 2004, which enables SWIFT connectivity and business continuity processing within robust and secure IT environments.