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Products July 10, 2003
SEI Enhances Electronic Trading Services Product
July 10, 2003 (PLANSPONSOR.com) - 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.
Reported by Eric Hazard
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.