UK investment platform Platform One has launched a trade reconciliation and aggregation/disaggregation engine (TRADE) for automating manual processes.
The software is for advisory firms in Asia and the Middle East and will eliminate spreadsheets and avoid human error.
Platform One reported that TRADE can help advisers with three key aspects of the trading process: trade aggregation, trade disaggregation and reconciliation.
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It added that undertaking these activities on spreadsheets can lead to problems such as display issues, valuation errors and potentially erroneous investment decisions due to inaccurate data.
Platform One chief executive Alex Cowan-Sanluis commented: “We’ve built this software following feedback from a number of advisory firms from around the globe. Running important client and investment data through spreadsheets in 2023 is resource-intensive and creates unnecessary risks for businesses.
“TRADE is purpose-built to nullify human error, save time and provide a more secure way for advisory firms to aggregate/disaggregate and reconciliate trades. Using a simple API plug-in we can remove a significant amount of risk from adviser businesses and streamline an inefficient process.”
This news comes after Platform One acquired the assets of Gaudi Limited and Gaudi Trustees Limited in April this year.