The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Baikal Rolls Out UnaVista for Reconciliations and Confirmation Matching

Share article

Baikal, the London Stock Exchange Group’s pan-European dark pool and liquidity aggregation service, this month began using UnaVista, the group’s generic hosted matching, reconciliation and data integration service.

As part of Baikal’s phased roll out, solutions were needed for end of day exchange reconciliations with central counterparties, and for automation of post-trade client confirmations. UnaVista offers both services based on the same data feed, reducing implementation costs and minimising operational risk.

Chris Rennoldson, chief operating officer of Baikal, says: “Implementing appropriate solutions for reconciliation and post-trade confirmations was a vital part of Baikal’s phased launch, and we are delighted to have been able to leverage the expertise of UnaVista, another London Stock Exchange Group company. UnaVista offered us a quick, low risk implementation. Built on flexible, exchange hosted technology, UnaVista provided us with reliable reference data without the need for any labour intensive, costly hardware installation, helping us to deliver Baikal on time and on budget, with the implementation going from inception to production in just 29 days. At the same time, UnaVista allows us to provide automated post-trade confirmations to our clients in flexible formats and at low cost.”

Related content

WEBINAR

Recorded Webinar: Address Emerging Operational Risk and Alleviating Data Blind Spots with AI Powered Risk Management

The digitalisation of financial services is in full flight, as financial institutions strive to offer the same levels of service and improved customer experience that consumer markets have enjoyed for some time. This digitalisation – providing seamless access to appropriate services on demand – requires great emphasis on client data. This changing digital landscape, and...

BLOG

ASG Technologies Pushes into Australia with Ascention Partnership

Systems management provider ASG Technologies has partnered with Sydney-based data analytics and enterprise performance management specialist Ascention to develop data governance and data lineage solutions for the Australian market. A recent survey of IT professionals by ASG found that two of the top barriers to realizing the full value of data in the enterprise are finding and...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...