FTF News by Eugene Grygo
John Landry, CEO of Electra Information Systems, talks to FTF News about industry issues and why the company won the Best Reconciliation Solution award for the third time in a row in 2018.
(Growth can be a double-edged sword for some securities firms as it will bring in new revenues and the potential for more profits. However, incumbent systems and operations will have to be adjusted to meet the new demands of the front office. So says John Landry, CEO of Electra Information Systems, in an interview with FTF News. The need to scale operations to manage the growing demands of portfolio managers and others in the front office has been a big driver for overhauls of reconciliation systems. Landry spoke to us about Electra's selection as Best Reconciliation Solution for three years in a row, and other matters.)Why did Electra embark upon four major client-driven changes in 2017 — enhancements for pending trades, approval workflow, auditing and historical data accessibility, and event-driven reconciliation?
Electra views our clients as an extension of our own product management team and the features added in 2017 were the result of that partnership. Our clients identified areas of opportunity that could provide maximum time-saving for their staff and we worked closely with them to enhance Electra Reconciliation to address each.