Buyside Needs Derivatives Automation
Financial News - April 21, 2008

This story discusses the fact that the buyside needs to accomplish more to solve back-office derivatives issues.  T-Zero® has released an enhanced novations processing technology that is fully integrated with the DTCC Trade Information Warehouse, where details are held.  T-Zero® says the service address the Operations Management Group’s concerns. T-Zero® President Mark Beeston is quoted in the article, “Automating novations is one of many steps, but it is a source of a lot of document problems.  Today, people want to be 100% sure of their counterparts.”  Beeston said the novations platform has 180 buyside clients linked to 14 banks.

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