Genesis Global, a financial services software development company, has launched a web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM). Genesis Global senior product manager, Niketta Postlethwaite-Williams, explained how artificial intelligence (AI) is applied on the new platform, and the ways in which the platform makes handling new and existing regulations more straightforward.
TAM automates trade matching, allocation, confirmation and other middle-office processes for equities and fixed-income products. AI-supported capabilities include data analytics, data processing and exception management.
Postlethwaite-Williams, said, “Our platform-driven architecture gives us the unique ability to respond to major industry changes like T+1 and also continuously update the features and configurability of TAM.”
TAM lives in the cloud and is built on the Genesis Application Development Platform, allowing the platform to receive continuous updates and enhancements.
“AI-driven capabilities are part of the component library in the Genesis Application Development Platform. Applicable capabilities can be incorporated into TAM. Areas that we see AI having potential include new analytics, new levels of automation for resolving exceptions and enhanced logic for data integration,” Postlethwaite-Williams explained to BEST EXECUTION.
With T+1 settlement on the horizon, these continuous updates help to ensure TAM is ready to tackle regulatory upheavals, Postlethwaite-Williams said.
“TAM provides real time trade matching to facilitate straight through processing for confirmation as quickly as T+0. The application integrates with custody and other back-office systems to help users settle as fast as they can. It also offers extensive visualisation and workflow tools to help users resolve exceptions efficiently.”
“Furthermore, since TAM supports equities and fixed-income products, the application centralises middle-office activity for multiple securities subject to T+1 requirements. Having a single platform for multiple asset classes, delivers the efficiency firms need to meet their regulatory requirements. In addition, the performance analytics in TAM can show users where they have process bottlenecks or other weaknesses in post-trade workflow,” Postlethwaite-Williams told BEST EXECUTION.
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