Baillie Gifford has completed its migration of processing futures transactions to Salerio, corfinancial’s post-trade system.
As a provider of financial services software, corfinancial was originally selected by Baillie Gifford
in 2019 for equity and bond trading, including proprietary trade matching and settlement practices.
The agreement has now been extended to cover futures transactions for the investment management firm.
Notably, the extension will allow Baillie Gifford to replace faxed trade notifications with more efficient SWIFT instructions, which is particularly useful in the current work from home model.
Louise Laidlaw, head of settlements at Baillie Gifford, commented: “The fact that we went live on futures during the COVID-19 lockdown bears testimony to the robust nature of the Salerio application and the flexibility of corfinancial’s implementation team.”
“We ran Salerio in parallel with our legacy futures application until we were ready to switch the old system off. Ultimately we had a flawless transition.”
“Bringing futures into scope with Salerio has eliminated some time-consuming, manual processing for us. Moreover, the transition has improved our control, authorisation and visibility of trade matching and settlement for futures transactions,” Laidlaw concluded.
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