TLM Reconciliations Selected for New Singapore-based Clearing Service
SmartStream Technologies has announced that a new Asian clearing entity has selected TLM Reconciliations as part of its new service offering. The new institution, based in Singapore, aims to deliver outsourcing capabilities for buy-side investors and international broker dealers. It is developing a trade settlement/agency clearing platform that aims to eliminate complexity and cost through trade aggregation. The institution selected SmartStream’s TLM to reconcile its cash, securities transactions, securities positions and inter-system data. The solution’s WebConnect user interface will also help to ensure that new users can be efficiently added to the operations team, delivering functionally-rich dashboards to monitor and manage transaction lifecycles in real-time.