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Portfolio Management Utopia

Traders Magazine, October 2003

Keith Brodhead

Shorter settlement periods mean equity trading firms must move faster and become more efficient. Firms accelerating trade settlement processes are simultaneously attempting to automate procedures for reconciling data as it passes through disparate systems. In response, portfolio management providers are developing automated solutions to handle the difficult parts of trade reconciliation. The latter once required human intervention. Trading firms have taken steps to evaluate the requirements of straight through processing. Portfolio systems that provide STP streamline the flow of data in trading, reconciliation, portfolio management, investment accounting, and the general ledger. But only fully-integrated modules that seamlessly transport data are now acceptable.

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