AccountEX is part of the growing range of "turnkey" business solutions available over RadianzNet. It facilitates settlement instruction processing and enables brokers to process industry standard (Omgeo
ALERTsm) and proprietary settlement instruction formats within an intuitive, browser-based interface. Implementation times and development resources are greatly reduced with the AccountEX solution.
"With over 150 Providers now on RadianzNet, we continue to expand the types of services we can offer our customers," said Rick Snape, General Manager, Radianz. "With our strong track record in delivering highly secure and reliable connectivity, this joint solution allows our customers to implement key components of their STP strategy in a fast and cost-effective manner".
"For mid-tier institutional brokers, client data management activities such as opening new accounts and maintaining settlement instructions are often inefficient, costly and the primary cause of trade problems.
Radius Partner's AccountEX service helps brokers overcome these challenges with a simple, out-of-the-box solution that automates client data management and provides real-time access to Omgeo ALERT," said Chris Walsh, CEO, Radius Partners. "By providing AccountEX over RadianzNet, we take the out-of-the-box approach to the next level. Customers now no longer need a box at all - they have real time access to AccountEX with a simple flip of a switch."