FailStation is an industry utility that aggregates failed trade and settlement pre-matching data for Investment Managers, Broker Dealers and Custodian Banks in real time. It allows the users to easily identify and compare the trades from counterparties thus allowing for a more efficient and cost effective way to manage fails .
FailStation offers a comprehensive pre-matching capability, an in-depth metrics package and state of the art communication tools. All parties to the trade can dramatically improve current methods being used to manage their risk and exposure, without any internal resources or software development needed.
"As we enter 2009, our industry is in confusion and turmoil. Firms are carefully analyzing their internal costs, risk and exposure. FailStation comes at a much needed time in the industry. FailStation makes the process infinitely more manageable" said Jose Manso EVP of Sales & Marketing at Middle Office Solutions.