T-Zero® Introduces Novations Processing System
Securities Industry News - April 7, 2008

T-Zero® has introduced a new service, Novations+, that fully automates novations processing for credit derivatives. T-Zero® provides a credit derivatives automation system that is used by 180 buyside as well as dealers and prime brokers. The platform allows for counterparts to be notified in real-time of trade details and for same-day resolution of trade-entry errors. Mark Beeston says the new platform is "the next big technology shift in the automation of credit derivatives processing." T-Zero® is "uniquely positioned to address scalability issues raised by the Operations Management Group." The story quotes Mizuho Alternative Investment saying the firm uses the system and it improves operations efficiency.

< Back to News