By Chris Kentouris, Senior International Editor

Iris Financial Solutions' Rolf Theisen was recently quoted in this industry landscape about the changing face of the credit derivatives market:

"The complexities of verifying the details of a non-vanilla CDS trade are bringing new entrants into post-trade processing. London-based Iris Financial Solutions, which specializes in front- and middle-office software for equities, fixed income and foreign exchange, is marketing a new credit derivatives module of its Iris Trade Manager, with links to Deriv-Serv and T-Zero. "It will automate the entire workflow from trade capture to confirmation and settlement, notifying each party in the life cycle of the status of the transaction and flagging any errors or exceptions to specified business rules," says Rolf Theisen, VP of solutions at Iris.

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