Baring Asset Management Selects Financial Fusion To Move Towards Enterprise-Wide STP.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Nov. 7, 2001 Leading Global Investment Management Company Selects Financial Fusion Server with GlobalFIX(TM) Financial Fusion Inc., a Sybase company, (NYSE NYSE See: New York Stock Exchange : SY) today announced that Baring Asset Management, part of the ING Group ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. and one of the leading global investment management companies, has licensed the Financial Fusion Server with GlobalFIX to advance its transition to electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. . Baring Asset Management has licensed the Financial Fusion Server with GlobalFIX to integrate into their new order management and dealing system as part of their effort to accelerate its progress towards straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (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;. ). Financial Fusion provides the global investment management company with an end-to-end solution for its investment customers and brokers to electronically process indications of interest, quote requests and trades using the Financial Information eXchange (FIX) protocol. This solution is designed to deliver a significant improvement in Baring Asset Management's STP environment. Additionally, Financial Fusion Server will enable Baring Asset Management to support ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 15022 Working Group 10, accommodating the convergence of FIX and SWIFT as well as other industry initiatives such as Omgeo and GSTPA GSTPA Global Straight Through Processing Association . The Financial Fusion Server is a robust platform for firms that require scalable, high-availability solutions that facilitate application integration and enterprise-wide STP. "We are committed to extending our enterprise-wide STP environment and with the integration of the Financial Fusion Server into our systems we are closer to our ultimate goal," said Mike Clegg, Group Head of Investment Operations, Baring Asset Management. "Our selection process convinced us that the Financial Fusion Server provides the most reliable, robust and scalable platform available for e-trading." "We are delighted to assist Baring Asset Management in its move to electronic trading," said John Treadway, senior vice president of Financial Fusion, Inc. "Given the flexibility of Financial Fusion Server, this solution can be easily extended to augment future connectivity programs within Baring Asset Management for additional industry initiative and protocol support." About Financial Fusion, Inc. Financial Fusion, Inc. provides enterprise-class e-finance solutions to the world's leading financial institutions, fusing applications and middleware on a single, integrated platform. The company builds complete financial destinations for banking and STP solutions for capital markets. All solutions run on the Financial Fusion Server(TM), a 100% Java based, multi-tier architecture, built to open standards. The company's worldwide support network includes offices in 60 countries. Global alliance partners include IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Sun Microsystems, Global Crossing, PricewaterhouseCoopers, e-Profile, and Intuit. Financial Fusion is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Sybase, Inc. (NYSE: SY). |
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