Accelerent and Bremer Partner to Provide Trade Compression Utlity for Broker Order Executions.Business Editors/High-Tech Writers NEWTON, Mass.--(BUSINESS WIRE)--Feb. 24, 2003 Optimizing settlements for broker to broker trades minimizes costs and reduces expense associated with Post-Execution processing Bremer Associates, Inc., a leader in data transformation and application integration, and Accelerent Partners, a leading provider of comprehensive integration services to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market, today announced that they have entered into a partnership agreement. Under the terms of the agreement, Accelerent and Bremer will work together to deliver significant cost savings to the brokerage industry for post-execution trade processing. The results of this partnership will provide financial firms with a rapid and cost-effective approach to reducing clearing trade volume while preserving the operational data requirements for front and back trade office processing. Accelerent provides a jump-start workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. review process that can analyze what costs savings could be realized from optimizations in the firm's Post-Execution workflow model for clearing trades. When a savings opportunity is identified, Accelerent and Bremer can implement the consolidation and compression solution for street-side or broker-to-broker executions, in order to realize substantial savings. Bremer offers financial services firms a unique Application Integration solution that enables STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. . Bremer's MetaStreamer(R) can interface with major third party order management and trading products as well as custom-built solutions because of its flexibility in handling multiple data formats, including data feeds, flat files, and disparate databases, conforming to new or current industry messaging standards (e.g., FIX, ISITC ISITC Industry Standardization for Institutional Trade Communication ISITC International Securities Association for Institutional Trade Communications , SWIFT, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. , EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) or integrating existing proprietary systems. MetaStreamer's rules engine processes all incoming data, to produce the information and the data transformations required. "The combination of Bremer's MetaStreamer data transformation solution and Accelerent's strategic and technology consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" complement each other to allow state-of-the-art productivity tools to be applied to gain significant cost reductions and efficiencies," said Lawrence Scott Lawrence Scott (born 1943) is from Trinidad & Tobago. novelist currently living in Londonand Trinidad. He is presently a Senior Research Fellow at The Academy for the Arts, Letters, Culture and Public Affairs at the University of Trinidad & Tobago (UTT) , Managing Director of Accelerent Partners. "Together, Accelerent and Bremer can help streamline operations and achieve greater trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign profitability, by offering the required mix of strategic consultation, custom software development, interface design, and off-the-shelf software integration." "Bremer remains committed to delivering Data Transformation solutions with rules-based data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a for optimal management of data coming in and data going out of an organization or functional unit, by offering of our own best-of-breed product for data integration, coupled with the strengths of partners like Accelerent," said Maurice Rodrigue president and chief executive officer of Bremer Associates. "We are excited to be extending our integration strategy to incorporate Accelerent's capabilities in project management, architecture, financial transaction workflow, settlements and accounting." About Bremer Associates Bremer Associates, Inc. develops and markets systems integration and data transformation software modeling products for the financial markets. Bremer's solutions integrate, translate, and validate message interfaces, database interfaces, applications, and APIs. Bremer's metadata-driven software is easy to use and provides fast and efficient prototyping, implementation, and change management. For more information about Bremer's products and services call (617) 965-4460 or visit Bremer's web site at www.bremer-inc.com. About Accelerent Partners Accelerent Partners is a professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm providing business process and technology consulting services to the financial industry, with a focus on the securities sector. Accelerent is working with mid-sized and regional firms on a variety of intra- and inter-firm workflow issues, from customer interaction to investment decision-making and trade execution, to securities settlement and accounting. For more information about Accelerent's solutions and services call (617) 834-0183 or visit Accelerent's web site at www.accelerent.net. Copyright (C) 2003 Bremer Associates Inc. MetaStreamer is a trademark, and DIGMAS(R) is a registered trademark of Bremer Associates, Inc. All other product names mentioned are trademarks of their respective companies. |
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