Altus

Altus Powers STP Acceleration

22nd Dec '10

Altus has signed three more clients to its increasingly successful ViaNova gateway service. After some pioneering DIY work amongst early adopters, Altus is now spearheading widespread adoption of the STP standard. Of the 11 pension administrators now supporting ViaNova, over half are using the Altus AIG service with more in the pipeline. And success amongst TPAs is being mirrored on the investment side of the fence with Altus signing every single one of the fund platforms which have opted to buy rather than build.

According to Altus Products Director Ben Cocks, success has been due to a combination of careful planning and a market which has finally reached critical mass:

“What Altus has done is to bring off the shelf software, painless implementation and low entry cost to a market which had previously required deep pockets and a lot of faith. But it’s important to acknowledge the debt we owe to those early adopters of the standard; thanks to them the volume of STP trading has reached a level where it’s no longer an option to ignore ViaNova.”
 

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