Fiserv, a global financial services technology provider, has offered its multi-asset post-trade processing solution, TradeFlow, for financial institutions running on Red Hat Enterprise Linux.
According to Fiserv, the new solution is designed to meet the demand from wealth managers for secure and scalable financial solutions.
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TradeFlow for Linux will allow wealth managers to lower trading risks, operating costs and enhance efficiency across various post-trade activities, including trade capture, data enrichment and management, confirmation and affirmation, as well as settlement and clearing.
The solution integrates support for central counterparty clearing of OTC derivatives through MarkitSERV, and facilitates the automated import of Standing Settlement Instructions from Omgeo ALERT.
Mike Foster, general manager of institutional management solutions for Investment Services at Fiserv, said: "Our solution helps firms reduce their post-trade IT expenses for hardware, licensing, maintenance and support. We are now seeing a systemic migration by wealth managers to enterprise Linux systems, and TradeFlow for Linux offers them a highly secure, performance-driven infrastructure for post-trade processing."
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