Tullett Liberty launches Post:marker
Tullett Liberty has announced the launch of Post:marker, a straight-through processing application to enhance post-trade notifications.
Tullett Liberty has announced the launch of Post:marker, a straight-through processing application to enhance post-trade notifications. The product was created in response to client demand, and will be available to Tullett Liberty counterparties from June 2003. It is currently in beta testing with a group of core liquidity providers in London and New York.<br>
Post:marker allows trade details to be transferred onto the clients' systems automatically, without the need for manual data entry. After executing a deal, traders receive electronic notifications from Tullett Liberty, which they can then accept or reject through a single click, allowing errors in the trade to be detected and corrected more quickly. Following affirmation, trade details may be transmitted automatically into counterparties' internal middle and back office systems, allowing positions to be updated immediately.
Geoff Chapman<br><br>Chief Information Officer, Tullett Liberty, said: "We continue to see strong growth in demand for our broking services, reflecting the success of our hybrid strategy of using technology to augment voice based trade execution. Post:marker is an important component of this strategy."