SEI Investments, provider of asset management and investment technology solutions, has made Electronic Trading Services capable of straight-through-processing. Eligible equity trades can now be handled entirely automatically, without any manual intervention from the order, to the marketplace and back to the system of record. The company claims this maximizes efficiency of the portfolio manager. Trades are executed, processed, settled and accounted for without the need for any human intervention.
"Because of the tight integration among all the systems in play, we believe this SEI straight-through advancement is unique in the industry today," said Kevin P. Barr, senior vice president of investment processing at SEI.