In a company press release, trading tech and financial infrastructure firm Itiviti says it is the first independent vendor to achieve a fully-certified auto-recovery software solution that can reconcile trades following an outage within the 30 minutes set by Singapore Exchange (SGX). The new software, called AutoRecovery, was developed in partnership with Singapore’s National University of Singapore, which has been working on this project for more than two years.
In a company press release, trading tech and financial infrastructure firm Itiviti says it is the first independent vendor to achieve a fully-certified auto-recovery software solution that can reconcile trades following an outage within the 30 minutes set by Singapore Exchange (SGX). The solution provides a single file that SGX’s member firms can be given to refer to in the event of a disruption, with Itiviti’s API connection to downstream components enabling positions, limits, trade and risk data to be updated automatically.