Genesis Global, a software provider geared towards financial markets organisations, has launched a web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM).
According to a press release, the web version of TAM is a scalable, cloud-native solution that integrates with other web services, reduces deployment costs and improves updates and maintenance cycles. TAM, which was introduced in 2018 and is built on the Genesis Application Development Platform, acts as a centralised application that automates trade matching, allocation, confirmation and other middle-office processes for equities and fixed-income products. The solution can be hosted, deployed on premises or via cloud.
In a statement, Niketta Postlethwaite-Williams, Senior Product Manager at Genesis Global, said: “The steady stream of innovation in the Genesis platform delivers an expanding array of functional and business componentry, AI-driven services and UI tools from which we draw to make TAM a modern and adaptable middle-office solution. With the web version, clients benefit immediately from the capabilities we add to TAM.”
She added: “Bringing all asset classes, markets and regions into a centralized middle-office solution is one of the most important things a firm can do to improve operational efficiency and enhance its compliance posture.
“Having a single, unified middle office also positions financial firms to benchmark their post trade processes. TAM provides extensive metrics for performance analytics.”
