Press release 30 June 2008
Sky
Road LLC, a leading software-as-a-service solutions (SaaS) provider to
the financial community, today announced a partnership with T-Zero, the
leading credit derivative affirmation and connectivity provider. Sky
Road clients will now benefit from improved straight through processing
of credit derivatives trades via T-Zero Auto Affirmation.
Sky Road clients can now seamlessly integrate with T-Zero's Auto Affirmation service, allowing firms to book trades through Sky Road's hosted offering and then affirm and confirm the trade with the DTCC through T-Zero. By automating affirmation, Sky Road clients can eliminate manual processes, thereby reducing operational risks while
improving efficiency. The core technology infrastructure for the Sky
Road platform is provided by the Calypso(r) software solution, the key enabler for the platform's innovations.
According to Clive de Ruig, Head of North America for T-Zero, the automation of novations and affirmations will be a focus for credit derivatives market ... more »
Sky Road clients can now seamlessly integrate with T-Zero's Auto Affirmation service, allowing firms to book trades through Sky Road's hosted offering and then affirm and confirm the trade with the DTCC through T-Zero. By automating affirmation, Sky Road clients can eliminate manual processes, thereby reducing operational risks while
improving efficiency. The core technology infrastructure for the Sky
Road platform is provided by the Calypso(r) software solution, the key enabler for the platform's innovations.
According to Clive de Ruig, Head of North America for T-Zero, the automation of novations and affirmations will be a focus for credit derivatives market ... more »
