Market participants can benefit from a powerful integration between Meritsoft’s Trade Tracking and Exception Manager (TTEM) and Taskize, designed to enable you to resolve exceptions more quickly and efficiently, enhancing your organisation’s operational capabilities.
Why integrate with Meritsoft?
Accelerated exception resolution
Issues can be swiftly identified and resolved to mitigate the risk of trades failing to settle before market cutoff, increasing settlement efficiency and reducing the cost of penalties where CSDR rules apply.
In-platform exception resolution
The integration eliminates the need to switch between different systems to identify and resolve exceptions, facilitating a more streamlined operational process.
Enhanced communication
Contact your teams and counterparties on whichever communication tool they use without leaving TTEM.
“In the context of T+1 and growing pressure to resolve settlement issues quickly, the integration of Taskize into our Trade Tracking and Exception Management system is a significant step in helping market participants streamline their settlement processes.”
Daniel Carpenter, CEO of Meritsoft
“Financial markets are becoming more complex and interconnected; as trading volumes increase, new regulations are implemented, and new markets rise to the fore. In this context, interoperability of post-trade systems is essential.
Our integration with Meritsoft is a testament to our commitment to connecting front and back-office teams, enabling the smarter allocation of work to speed up time consuming manual exception resolution tasks and, as a result, navigate the increasingly complex market environment.”
James Pike, Interim CEO of Taskize
How does it work?
When a trade exception is identified, users initiate a trade settlement query in Meritsoft’s TTEM Trade Window, simultaneously creating a Bubble (Taskize’s secure online space for collaboration).
The relevant counterparty is invited to help resolve the issue in real-time through a chat window, ensuring swift, effective, and fully documented communication.
