News

Aronson + Johnson Halts Automations Project Citing Year-End Crunch

February 23, 2003

Aronson + Johnson + Ortiz has halted a plan to further automate its back office. Last year, the investment manager went live with Securities Transaction and Asset Reconciliation System (STaARS) and Custodian Reconciliation Data Collection Service (ReCollect) from Electra.

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Reconciliation Systems Deliver Unseen Savings

October 14, 2002

Automated reconciliation systems may not enjoy the style and sparkle from front-end trading and decision-support tools. In a market and economy in which investment management firms are seeking any way possible to cut expenses, technologies to manage the complete trade lifecycle are attracting the attention of an increasing number of buy-side firms.

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Pru Asset Management Unit Automates Reconciliation

July 28, 2002

The Prudential Financial asset management business has automated security-trade notification messaging via Electra. Prudential Investment Management (PIM) in 1999 began overhauling equity and fixed-income processing via a system consolidation to support growth. PIM signed on for the Securities Transaction and Asset Reconciliation System (STaARS).

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The T+1 Effect on Buy-Side Messaging

July 01, 2002

Outtrades are a major problem all asset managers face. While they are inevitable, the approach of trade dare plus one day (T+1) settlement means that global straight-through processing will be a must.

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Separate-Account Manager Automates Reconciliation

April 28, 2002

A competitive vendor-market review at Aronson+Partners (A+P) has resulted in a contract with Electra. A+P picked Electra instead of the Rex reconciliation-management component of the Advent Software Advent Office. Electra said the investment manager has licensed its Securities Transaction and Asset Reconciliation System (STaARS) and Custodian Reconciliation Data Collection Service (RecCollect).

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Client Testimonials

Tammy L. Johnson, Globeflex Capital L.P.
We’ve now been a client for over 11 years and the relationship remains strong. Electra keeps us well informed, continuously innovating and adding functionality. Electra provides information on the latest versions which allows us to take advantage of the latest enhancements as our business requirements change and evolve.
Tammy L. Johnson, Globeflex Capital L.P.

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