California-based Sprott Asset Management has selected SS&C's Technologies' SSCNet for automated settlement notification. The global network will enable trade communication between Sprott and its broker-dealers, custodian and prime brokers.
SSCNet will replace Sprott's manual post-trade communication processes and consolidate all communication across a broad set of instrument and transaction types. Sprott will also use SSCNet's Swift gateway connectivity and automated email/fax functionality.
"Connecting our front-office system to SSCNet, which includes Swift connectivity and ISO standard messaging capabilities, will reduce time and errors when communicating trade details to our custodians and prime brokers. It enables us to make significant strides towards a straight-through processing environment," says Johann Lau, VP, investment administration, Sprott Asset Management.
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