Ninety One has joined Saphyre’s network of financial institutions, adopting its platform to streamline the onboarding and maintenance of trading relationships with brokers and custodians, as well as manage trading agreements.
Stephen Roche
Saphyre’s automated system manages the onboarding and maintenance of custody, broker trading, and buy-side accounts, while ensuring real-time synchronisation of reference data across them.
Stephen Roche, president & co-founder of Saphyre, said: “We’re ecstatic to have Ninety One, a leading financial investment management firm, join our endeavor.”
Roche added: “By deploying our technology Ninety One will maintain data integrity through the lifecycle of a fund providing Ninety One with speed in the pre-trade thru post-trade processes not for just its firm, but also with Ninety One’s broker and custodial counterparts.”
The synchronisation creates a centralised, up-to-date data source accessible to all authorised parties on the platform. Additionally, the solution reduces issues related to failed trades and facilitates real-time, T+0 collaboration, supporting the requirements for T+1 processing.