TradeData is an electronic trade allocation and settlement instruction system for investment managers that custody client accounts at global custodians. TradeData is integrated with leading order management systems such as Advent Moxy. Allocation and settlement instruction data is automatically loaded into the TradeData server where the data is transformed and securely sent to over 50 of the world's leading custodians and their subdivisions in the specific format they require.
Trade Data can output allocation data in virtually any format: SWIFT, ISO 15022, ISO 20222, Secure Email, SFTP, PGP, text file, fax or other formats. If one of your accounts requires a new custodian that in turn requires a new format; the experts at WealthTechs can quickly make it happen. WealthTechs experts will contact the new custodian and target the correct people to talk to (often this is the determining factor in success or failure), setup their output formats in TradeData, setup test data in your OMS, test uploads and finally go live; without you or your employees wasting any of their valuable time.
TradeData handles some of the more difficult components of trade allocation and settlement such as fixed income, equities, options, cancels and corrects.
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