Calypso Technology announced that investment bank Dresdner Kleinwort Wasserstein (DrKW) has chosen Calypso for its global-securities processing, with the first component of the new system going live for tri-party repo on Nov. 4, 2002. The project covers the bank's cash-equities and bonds businesses as well as its securities-lending and borrowing operations, all of which fall within DrKW's Capital Markets business line. The project will be delivered jointly by DrKW's IT and Operations departments.
With a new order-submission capability added to its Fund/SPEED service, The Depository Trust & Clearing Corporation, through its National Securities Clearing Corporation subsidiary, can provide qualified financial representatives and planners with the ability to electronically transmit fund purchase, exchange and redemption orders through a real-time Web-based interface. Fund/SPEED is an electronic platform that acts as an information gateway for a nationally based network of reps and planners affiliated with broker/dealers, and the fund companies whose products they distribute.SunGard Business Integration, an operating group of SunGard, announced that Harvard Management Company has gone live on its SWIFT ASP solution in order to achieve ISO 15022 migration. SunGard Business Integration's SWIFT ASP solution provides an alternative for financial institutions that seek to improve the management of their SWIFT-network operations. The services provided by the SWIFT ASP facilitate STP between the client's internal applications and external counter parties.
One-Ten, a provider of STP solutions, announced that London-based fund manager T. Rowe Price International Inc (TRPI) has gone live with One-Ten's Salerio e2e middleware solution. The installation, which took place in June, is helping TRPI improve its STP capabilities, reduce its transaction-processing costs, extend connectivity and ensure compliance to the SWIFT ISO 15022 messaging format.