Fundtech adds new modules
TECHNOLOGY NEWS
Fundtech added new non-deliverable forwards (NDFs) and options premiums modules to support the new CLS-eligible instruments. The modules will add XML messaging while continuing to support the current CLS API architecture.
The modules will enable users to send all CLS-eligible instruments for processing from a single pipe. The vendor said this should improve operational efficiency while reducing errors and processing costs from manually intensive operations such as NDFs.
A new custody module
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