Looking to enhance its trading capabilities, London-based stockbroking firm Fiske has secured a three-year contract with Rhyme Systems for its Altimis software.
Rhyme Systems says Altimis is a web-enabled system for all aspects of stockbroking and investment management, offering a truly integrated, straight-through approach to the entire dealing and investment process.
Altimis functionality includes order management, RSP connectivity, CGT, performance measurement, Crest settlement, client reporting and document warehousing and management.
According to the contract, Rhyme will provide Altimis to Fiske for an initial minimum period of three years via an ASP service. Rhyme’s ASP model provides a fully hosted, managed service with business continuity and disaster recovery.
Gerard Luchini, director of Fiske, said, The wealth and depth of functionality provided by Altimis covers straight-through-processing from order management to transaction reporting and automated settlement. It will enable Fiske to streamline the front and back office processes and will deliver the ability to reduce costs.