SEI Enhances Electronic Trading Services Product

July 10, 2003 ( - SEI Investments has added enhancements to its Electronic Trading Services platform to deliver straight-though processing of eligible equity trades to SEI's execution framework.

Once in the framework, the trade goes from the order, to the market and back to the system of record.   With the ETS advancement, trades are entered once in the order management system, and SEI generates messages that provide connectivity to broker/dealers. Trades are executed, processed, settled and accounted for, without manual intervention, according to a news release.

Currently, the equity trading straight-through capability is available to portfolio managers using the SEI-hosted Advent Moxy decision-support and trade order system.