Corfinancial has implemented its Central Securities Depositories Regulation (CSDR) software, SureVu, at Man Group. SureVu enables buy-side firms to manage failed trades and cash penalty fees, providing a clear picture of pending trades and ensuring effective governance.
Facts
- Corfinancial has implemented its CSDR software, SureVu, at Man Group, a global active investment management firm with $144.7 billion of AUM.
- SureVu allows buy-side firms to manage failed trades and cash penalty fees in one solution.
- Within three months, 90% of Man Group’s custodians and prime brokers were onboarded onto SureVu.
- The implementation of SureVu was driven by the changes introduced by the CSDR and the upcoming T+1 settlement cycle.
- Man Group needed a solution that provided failed trade monitoring and cash penalties on the same platform.
- SureVu helps companies stay in control and manage trade settlements efficiently, particularly with high volumes of data associated with cash penalties.
- The implementation of SureVu has added real benefits to Man Group’s business and offers critical efficiencies in preparation for the operational pressures of the T+1 settlement.
