Thursday, September 26, 2019

Major Japanese Investment Bank Turns to Inforalgo for Allocation Processing

Inforalgo, the Capital Markets data automation specialist, has won a significant deal to consolidate and automate Bloomberg trade allocations for the New York office of a major Japanese investment bank.

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https://jessicapressreleases.blogspot.com/2018/05/proshred-arizona-announces-pilot.html

The bank already uses Inforalgo to provide straight-through processing of Capital Markets transactions, automatically reflecting live trade data across all trading platforms and back-office systems. It will now substantially extend that service to simultaneously allocate those trades across the relevant books on Bloomberg in real time, to save teams having to do this manually.

Trade volumes for the bank have been peaking at around 300 a day across two major trading platforms. Automating allocation processing will significantly speed up critical administration, freeing up traders' capacity and reducing the risk of errors linked to manual data allocation.

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https://jessicapressreleases.blogspot.com/2018/05/toysrus-liquidation-and-early-easter.html

"The work being done by Inforalgo will save traders a lot of time," says Gary Stretch, Customer Success Manager at Inforalgo. "When executing a trade on either of their two main platforms, they can now automatically allocate their trades, saving them from having to log onto Bloomberg and manually enter the allocations in different books.

"From now on, allocations will simply flow automatically with the executed trade through to Bloomberg, so traders can quickly move on," he adds. "Previously, processing allocations – a necessity but which adds no value to the business - would have cost them precious time and money, while tying up two screens."

"After the significant gains the bank has seen from STP automation with Inforalgo, this extension of the service was the logical next step, further bolstering traders' efficiency as well as risk mitigation," says Jordan Ambrose, CEO at Inforalgo. "We are delighted with this important new business win with a major global bank, which is a ringing endorsement of the continued value we bring to its Capital Markets trading activities."

About Inforalgo
Inforalgo's solutions and services are built on more than 30 years' rich experience in providing intelligent data management solutions and services to Capital Markets clients globally. Our highly experienced team specialises in helping buy and sell-side organisations automate the flow of their pre- and post-trade data. Our products are trusted by many of the world's top financial institutions. More at http://www.inforalgo.com. @InforalgoNews

PR Contact
Carina Birt, PR for Inforalgo. carina@sarumpr.com or +44 7970 006624

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https://jessicapressreleases.blogspot.com/2018/05/a-kid-cell-phone-alternative-republic.html

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