Altus

Altus delivers STP for leading UK fund platform

20th May '10

Altus is delighted to announce that a leading UK fund platform has selected the Altus Funds Gateway product to deliver seamless straight-through processing (STP) to its pension administration clients. Following a rapid deployment project the platform has now started live trading using the ViaNova market practice for electronic dealing. The Altus product was selected after an exhaustive evaluation of the marketplace and rigorous assessment of the product. The platform provides a one-stop shop for corporate pension clients offering a wide range of funds plus sophisticated multi-manager features. The STP solution therefore needed to be highly configurable and capable of operating across a wide range of scenarios.

Ben Cocks, Products Director at Altus, believes it was Altus’ broad view of STP that was key: “We have put a lot of effort into understanding the practical issues of introducing STP into the fund dealing process. The breadth of functionality and flexibility of our product has meant that we can deliver the efficient dealing service that our client demands in very short timescales. ”
 

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