Libris ~ Latest News
November 2011 - October 2011 - September 2011
-AXA extends Libris module line-up
-State Street Bank and Trust Company
finalises trials
-Royal London extend Libris Archive
-Fleming Family Partners select Libris
November 2011
AXA –IM extends its existing Libris Financial Module line-up to include Calastone STP
AXA –IM , who have been live for over a year on Libris Financial for its AXA Framlington private client and institutional fund management operation, have signed an agreement to go ahead with the implementation of the Libris Financial Calastone STP module for their mutual fund trading operation.
The system will provide AXA with the functionality to process the confirmation and final settlement of mutual fund trades. Exact are currently working with Calastone to establish the mechanism for the settlement engine and are due to implement phase one towards the end of January 2012.
State Street Bank and Trust Company Finalises Trials on FactSet Derivatives
State Street and Exact are currently finalising the trialling of the additionally developed module, Derivatives for FactSet, developed earlier in the year by Exact. It is anticipated that this new module will go live in early January 2012 to extend the existing FactSet transaction based return application to provide performance-ready data to FactSet, incorporating the complex requirements for Futures, Options and CFDs.
This module will enhance the user presentation layer of applications that are currently deployed via Exacts long serving Data Management service.
October 2011
Royal London extend Libris Archive to include Royal Liver databases
Following acquisition of Royal Liver and the live operation of the earlier ICON Retail Archive, Royal London Asset Management instructs Exact to deploy our Libris Archive solution once more, to incorporate legacy database systems of Royal Liver. The successful conversion of gigabytes of historical data onto the Libris Financial Archive service, gives real peace of mind to Royal London who ultimately have responsibility to retain investment records for the prescribed number of years.
The conversion process has been completed within days and the service is available to Royal London via an UltraSecure web application.
September 2011
Fleming Family Partners selects Libris Archive
Conversion of their existing (outsourced) data to their own data archive service was of paramount importance when FFP needed to retrieve and store data from their third party administrator. The need to quickly convert data accurately and re-present the same data via a hosted service was precisely the requirement Libris Archive was designed for. Exact received the data from FFP and now, after successful conversion, they are currently performing final testing in anticipation of live operation towards the end of the December 2011.
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