MEDFORD, MASS.--Pioneer Investments settles nearly 100 percent of its trades electronically, says Daniel Consigli, head of IT at Pioneer Investments.
Pioneer’s STP rate in 1999, when Brown Brothers Harriman was its near-exclusive custodian, was 89 percent. Pioneer has since added Prudential Securities and Chase. It reports nearly 100 percent settlement after some recent tweaking to the matching and settlement software, including the implementation of Mercator’s Gemini position reconciliation
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails