announced that Baring Asset Management, part of the ING Group and one of the
leading global investment management companies, has licensed the Financial
Fusion Server with GlobalFIX to advance its transition to electronic
Baring Asset Management has licensed the Financial Fusion Server with GlobalFIX to integrate into their new order management and dealing system as part of their effort to accelerate its progress towards straight through processing (STP). Financial Fusion provides the global investment management company with an end-to-end solution for its investment customers and brokers to electronically process indications of interest, quote requests and trades using the Financial Information eXchange (FIX) protocol.
This solution is designed to deliver a significant improvement in Baring Asset Management's STP environment.
Additionally, Financial Fusion Server will enable Baring Asset Management to
support ISO 15022 Working Group 10, accommodating the convergence of FIX and SWIFT as well as other industry initiatives such as Omgeo and GSTPA.The Financial Fusion Server is a robust platform for firms that require scalable, high-availability solutions that facilitate application integration and enterprise-wide STP.
"We are committed to extending our enterprise-wide STP environment and with the integration of the Financial Fusion Server into our systems we are closer to our ultimate goal," said Mike Clegg, Group Head of Investment Operations, Baring Asset Management. "Our selection process convinced us that the Financial Fusion Server provides the most reliable, robust and scalable platform available for e-trading."
"We are delighted to assist Baring Asset Management in its move to electronic trading," said John Treadway, senior vice president of Financial Fusion, Inc. "Given the flexibility of Financial Fusion Server, this solution can be easily extended to augment future connectivity programs within Baring Asset Management for additional industry initiative and protocol support."