Scrittura incorporates WordML for trade documents

In February, the UK financial regulator, the Financial Services Authority, expressed concern at the pace at which back-office systems deal with the settlement of credit derivatives, noting that some transactions remain unconfirmed for months. The ability to take snapshots of a trading entity’s current positions is compromised if there is a backlog of trades that have not been confirmed, the regulator said.

Scrittura believes its product should address some of these concerns, with the addition of WordML eliminating the need for the manual drafting of complex documents.

“Scrittura’s new solution will make a tangible impact to companies in streamlining operational efficiency and automation,” said John Lewis, Scrittura’s chief executive. “WordML also permits a new level of document complexity to be brought under the STP umbrella.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here