SmartStream has launched its new TLM Cash Management module for the front office, aiming to provide a global real-time view of cash positions across all settlement channels by trading business line, portfolio, book and product.
New regulatory requirements have added further pressures for trading desks to understand their cash position and manage risk in real time, according to SmartStream.
Previously, front office traders have predominately used multiple end-of-day accounting platforms with no real-time visibility of daily positions.
Now there is a need to view company and legal entity-wide aggregated positions by the minute in order to make comprehensive internal funding decisions, economically viable trading decisions and appropriately manage liquidity risk.
SmartStream’s new solution is a module of the existing TLM Cash Management solution, with the key benefit of real-time visibility for the front office.
Cash is reconciled and consolidated to deliver a multiple view for trading desk and risk teams. The system also provides alerts notifying the trading desk of any potential risk challenges.
Darryl Twiggs, head of product management at SmartStream, said: “For a long time SmartStream has realised the importance of linking the back-office with the front-office to manage trading positions in real-time. TLM Cash Management is essential for any global trading desk looking to gain tighter control on risk, and at the same time allowing better investment and funding decisions.”
“In addition, with TLM Cash Management, trading desks can maximise earnings potential by viewing and reducing idle balances, as well as keeping in line with regulatory requirements.”
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