Citco has launched a standalone, settlement-exception management service that may help to prevent trade fails. Æxeo FailSafe provides alternative asset managers with an overview of all pre-and post-settlement trading information for their funds across multiple brokers, without the need to review several reports or access multiple portals. Covering pre-and-post-settlement, Æxeo FailSafe provides consolidated oversight across regions, strategies and asset classes, with its near-real time view meaning there are no surprises around settlement fails come end of day.
Æxeo Failsafe is available directly and to clients of Citco Æxeo Trade Operations (formerly known as Trade Matching), and is accessible via desktop applications, as well as through direct reporting straight to order management systems for clients of the Citco Data Services platform.