The second phase encompassed of three projects running in parallel. The Trade application provided full STP in post-trade processing, handling trade executions and integrated to external business systems for order capturing, currency conversions and matching without manual intervention. In November 2007, the TRS reporting module was installed for compliance of securities trading according to EU’s MiFID directive in both Sweden and Finland. In the beginning of 2008, the first version of the Finance application was put in production in the equity finance department.
The approach for Carnegie presents the new generation of solutions for trading back office
The application automated management of derivative deals supporting multiple instruments using existing equities as collaterals. By implementing Digia’s business application suite, Carnegie has achieved a cost effective and flexible back-office trade platform suitable for meeting future needs. “We use Digia as our partner because their knowledge and long experience as a reliable application provider for the trade finance sector. Cooperation during the project was excellent, even when timetables were tight”, says Per von Elern, Carnegie’s Project Manager for Business Support.
“Our software solutions for the securities trade finance management are designed to meet the specialised needs of the industry. The modular approach for Carnegie presents the new generation of solutions for trading back office and proves our capability in delivering projects with expertise and within agreed timeframe”, says Niklas Lager, Business Group Director at Digia.