Bringing you live news and features since 2006 

Sprott selects SSCNet for automated settlement notification

RELATED TOPICS​

Sprott Asset Management has selected SS&C Technologies’ SSCNet for automated settlement notification.

The global network will enable trade communication between Sprott and its broker/dealers, custodian and prime brokers.
 
SSCNet will replace Sprott's manual post-trade communication processes and consolidate all communication across a broad set of instrument and transaction types. Sprott will also use SSCNet's SWIFT gateway connectivity and automated email/fax functionality.
 
"Connecting our front-office system to SSCNet, which includes SWIFT connectivity and ISO standard messaging capabilities, will reduce time and errors when communicating trade details to our custodians and prime brokers. It enables us to make significant strides towards a straight-through processing environment," says Johann Lau, vice president, investment administration, Sprott Asset Management. "We have selected SSCNet's automated settlement service as it helps all our participants benefit from a more efficient, standardised process."
 
"We are pleased to bring leading post-trade automation services to our customers. Sprott will notice an improvement on match rates earlier in the trade settlement life cycle," says Bill Stone, chairman and chief executive officer, SS&C Technologies. "This is another example of SS&C's commitment to delivering workflow solutions which help our customers achieve a more efficient operating environment."
 
SSCNet is a global trade communication network linking investment managers, broker/dealers, custodians and interested parties. SSCNet's hosted service is available 24/7 on a secure platform, supports multiple formats and connects directly to trade counterparties, including SWIFT connectivity.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by