Tue, Mar 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Wells Fargo’s Real STP offers all asset class, real time, intra-day operational visibility

Friday, March 01, 2013

amb
Stuart Feffer
by Beverly Chandler, Opalesque London:

In an interview with Opalesque, Stuart Feffer, co-head of Wells Fargo Global Fund Services explained that the new Real STP offering from Wells Fargo is a straight through processing front end system which gives clients real time, intra-day operational visibility into trades, settlements, cash and collateral management activity for clients who use their middle office/operational services. "We have an extensive middle office/operational services offering that covers a wide range of asset classes in real time" Feffer said. The new system also includes an enhanced investor portal for all clients, allowing investors in funds serviced by Wells Fargo to have improved online access to their information.

Additional releases, scheduled throughout the remainder of the year, will add an enhanced accounting dashboard, with real-time accounting information updates, additional collateral management data, enhanced cash flow forecasting, operational trend analysis, reconciliations, and month-end status. Clients already have access to real-time workflow for their OTC derivatives processing and this will be further integrated in an upcoming release.

"Trade capture through profit/loss is the easy part," said Feffer, co-Head of Wells Fargo’s Global Fund Services group. "RealSTP provides our clients with true straight-through-......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie