SEI and Vertical Management Systems developing Web STP
OAKS, PENSSYLVANIA -- Financial software firm SEI Investments said it had agreed with mutual fund software provider Vertical Management Systems to develop an internet-based straight-through-processing system linking mutual fund automation tools with investment processing operations.
SEI said the tools would provide automated trading, reconciliation and corporate action processing to over 95% of the mutual fund securities available in the US. Without automation, SEI said, processing mutual funds
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