Genesis Global, the low-code application development framework provider, has unveiled the web version of its Trade Allocation Manager (TAM), a multi-asset class middle-office solution designed to streamline operations and ensure regulatory compliance for financial markets firms. The TAM web application, built on the Genesis Application Development Platform, promises operational efficiency through the automation of trade matching, allocation, confirmation, and other critical middle-office tasks for both equities and fixed-income products.
The cloud-native solution is designed to integrate seamlessly with other web services, thereby reducing deployment costs and making updates and maintenance more efficient, according to the company. Enhancements include upgraded data visualisation, alerts, document management, and an AI service layer to enrich data analytics, processing, and exception management capabilities.
“Our platform-driven architecture gives us unique ability to respond to major industry changes like T+1 and also continuously update the features and configurability of TAM,” comments Niketta Postlethwaite-Williams, Senior Product Manager at Genesis Global. “The steady stream of innovation in the Genesis platform delivers an expanding array of functional and business componentry, AI-driven services and UI tools from which we draw to make TAM a modern and adaptable middle-office solution. With the web version, clients benefit immediately from the capabilities we add to TAM.”
Key features of TAM include centralised management of multi-asset class trade data, automation of trade matching and allocation through an extensive rules library, and robust monitoring and controls for exception management and audit purposes.
“Bringing all asset classes, markets and regions into a centralized middle-office solution is one of the most important things a firm can do to improve operational efficiency and enhance its compliance posture,” says Postlethwaite-Williams. “Having a single, unified middle office also positions financial firms to benchmark their post trade processes. TAM provides extensive metrics for performance analytics.”
Originally introduced in 2018, TAM is available in various deployment options, including on-premise, on-cloud, or as a hosted solution.
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