Thunderhead.com, a UK-based automator of trade documentation, has launched ONE for Capital Markets for the cloud. The solution, which automates trade and relationship documentation processing and all paper transactions throughout the trade lifecycle, is available as a software-as-a-service (SaaS).
The cloud solution provides real-time collaboration capabilities to support secure multi-party negotiation, eliminating the time-consuming and error-prone sequential circulation of documents. It allows trade data in industry-schema based XML to be fed to downstream processes, enabling rapid integration and regulatory reporting.
The SaaS solution has been developed with advisory support from a group of representatives from the G15 investment banks, of which 14 are Thunderhead customers, as well as Sapient Capital Markets to ensure market compliance.
ONE for Capital Markets is built on the ONE Enterprise engagement platform, a suite of solutions that enables businesses to engage and collaborate.
"Thunderhead.com has historically helped the industry leaders solve issues around paper-based transactions," says Jude Bly, director of Sapient Global Markets. "Now, with the introduction of ONE for Capital Markets SaaS solution, the industry as a whole has a tremendous opportunity to dramatically streamline their business processes to meet the new regulations and improve their operational efficiency."
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2014
The winners of the 2nd annual Sell-Side Technology Awards 2014 were announced in New York on April 15. These awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 24 categories click here.
16 Sep 2014
07 Oct 2014
14 Oct 2014
14 Oct 2014
20 Oct 2014
03 Nov 2014
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....