FOR IMMEDIATE RELEASE
Contact:
David Eaton
Iris Financial Solutions
(617) 212-8777
david.eaton@irisfinancialsolutions.com
IRIS TRADE MANAGER(tm) VERSION 5.0 TO BREAK 1,000 TRADE PER SECOND BARRIER AND FEATURE NEW WEB PORTAL FOR TRADE EXCEPTION MONITORING AND MANAGEMENT
Newest release to be unveiled at SIFMA Technology Management Conference
in New York June 19-21
NEW YORK-JUNE 18, 2007-Iris Financial Solutions, provider of front- and middle-office solutions to the world's leading trading and investment firms, today announced the upcoming release of Iris Trade Manager(tm) v5.0, a breakthrough version of its flagship trade management and processing solution for tier one banks.
Iris will unveil Iris Trade Manager version 5.0 at the SIFMA Technology Management Conference in New York, June 19-21, at the New York Hilton. The product will be generally available in the fall of 2007.
Iris Trade Manager automates the trade management workflow for the world's leading banks, increasing trade volumes and through-put, and eliminating manual intervention.
"Iris Trade Manager addresses what is the evolution of trade management - moving from what was a middle-office function to a key part of successful overall trading operations and front-office profitability," said Michele McGovern, CEO, Iris Financial Solutions. "And, the new functionality in Iris Trade Manager addresses the importance that increased service in the middle-office plays in winning new buy-side business."
Key benefits in the new version include:
* Remove trade processing backlogs in the middle-office, enabling the front-office to be more profitable
* A single solution for multiple asset classes
* Automate the entire trade processing lifecycle: ETC Gateway, NOEs, Allocation Capture/Allocations, Booking, Figuration, Trade Capture/Trade Confirmation, Full Audit Trail
New features in Iris Trade Manager v5.0 include:
* 1,000 trades per second - the new version of Iris Trade Manager will break the barrier and process 1,000 trades per second, with the potential for even greater scalability.
* Web Portal for monitoring trades and managing exceptions - the Trade Tracker module enables users to track the trade lifecycle in real-time and actually manage exceptions as soon as they occur.
* Adding a Line of Business in a Day - Iris' core technology layer (Iris Innovation Platform(tm)) puts configurability in the hands of business users and lets business analysts do what once took months in less than a day. Users can identify an opportunity and configure the system to address that opportunity with significantly less intervention from IT.
About Iris Financial Solutions
Iris develops and delivers software solutions for the front- and middle-office of global financial services firms. Our products address trading, trade management and processing, portfolio and position management and risk management. We enable our customers to innovate and execute faster than their competitors. Securities industry leaders choose us to meet their toughest challenges and increase their ability to make money.
For more information: www.irisfinancialsolutions.com or (646) 512-5653.
