LONDON, July 26, 2010 /PRNewswire/ -- Trace Financial today announced that Hargreaves Lansdown, a leading independent UK financial service provider and asset management specialist, has gone live with the CREST Bridge, a new and highly configurable CREST interfacing solution supplied by Trace.
The CREST Bridge provides Hargreaves Lansdown with a resilient STP interface supporting a daily volume of several thousand trades with very little technical intervention. The solution also provides a browser-based GUI offering business users customised views of CREST business transactions and their settlement status, with drilldown to underlying messages, and the ability to export a range of data views as reports.
At a strategic level, a key objective is to provide Hargreaves Lansdown with the means of successively adapting to the requirements of the forthcoming Euroclear Single Platform project.
At each phase of this complex project some transactions and reports will migrate to the Single Platform, while others will remain on legacy CREST.
Because it is built using configurable components such as message definition libraries and routing rules, Trace Financial's CREST Bridge solution can be progressively re-configured to suit each stage of the project, without requiring extensive re-coding.
Neil Sutton, Head of Back Office operations at Hargreaves Lansdown, stated: We have been very happy with the way Trace has configured the CREST Bridge solution to meet our particular needs, and the support provided by the company's very experienced and knowledgeable staff.
John Murphy, Managing Director of Trace Financial, said: This project is a perfect example of the way in which our products, messaging consultancy and line-of-business skills combine with a customer partnership approach to deliver an ideal solution, meeting both current and future needs. We look forward to continuing our excellent relationship with Hargreaves Lansdown as we support this mission critical solution.
About Hargreaves Lansdown
Hargreaves Lansdown is one of the leading providers of investment management products and services to private investors in the UK. As at 31st December 2009, Hargreaves Lansdown managed GBP 15.6 billion of assets under administration on behalf of private investors.
The group also provides independent financial advisory, stockbroking and annuity broking services to private investors and advice to companies on group pension schemes.
About Trace Financial
Trace Financial is an independent, privately-owned software house specialising in post-trade financial messaging, market datafeed technologies and corporate action processing. Clients include banks, brokers, clearers, custodians and asset managers.
Trace Financial is the only company in the world to be SWIFTReady-accredited in both Message Data Services and Financial EAI. The company has a strong focus on complex message data transformation in mission-critical environments.
Leading products include Transformer for advanced message transformation, Cloverleaf(R)finance for highly resilient connectivity and routing, and CAMS for Corporate Action processing.
Trace Financial designs, implements and supports innovative and practical solutions that deliver real business benefits. All solutions are backed up by unparalleled service and support capabilities and outstanding partnerships with customers.
Contacts John Murphy Managing Director, Trace Financial Limited Direct: +44-(0)20-7825-1242 Email: john.murphy@tracegroup.com Nick Tonge Sales Marketing Director, Trace Financial Limited Direct: +44-(0)20-7825-1163 Email: nick.tonge@tracegroup.com
SOURCE: Trace Financial Ltd
CONTACT: Contacts: John Murphy, Managing Director, Trace FinancialLimited, Direct: +44-(0)20-7825-1242Email: john.murphy@tracegroup.com; Nick Tonge, Sales Marketing Director,Trace Financial Limited, Direct: +44-(0)20-7825-1163, Email:nick.tonge@tracegroup.com
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