|[November 15, 2012]
Terrapin Provides Insights to Brokers Processing Mutual Funds
MINNEAPOLIS --(Business Wire)--
Terrapin (News - Alert) Technologies has released the first in a series of "Industry
Perspectives" papers that evaluate topics of note for financial services
organizations. "Fund Direct Mutual Fund Management" is a review of
mutual fund transaction processing options available to bank-owned
broker-dealers. The article is free and can be viewed and downloaded at www.terrapintech.com/fund-direct.
The series of Industry Perspectives papers is available for subscription
The paper provides a description of fund direct mechanisms and compares
them to traditional clearing services. "We want to make clear a
broker-dealer's choices for managing the processing of mutual fund
transactions," said Kristefor Lysne, President, Terrapin Technologies.
"This paper helps operations managers look at fund direct processing
from an independent perspective and ask the right questions."
Fund direct processing of mutual funds was a subject that generated a
robust conversation at a recent roundtable sponsored by Terrapin
Technologies. "We came to realize that many back office operations
managers may not be aware that options besides clearing houses are
available to them. This Industry Perspectives paper is the result," said
Lysne. "In the competitive world of financial services, understanding
options is critical to managing costs, margins, and regulatory
Terrapin Technologies provides hosted services that incorporate
all areas of bank broker-dealer operations, including accounting, CRM,
commissions, compensation, compliance, and sales reporting. Terrapin's
flagship product, Pandia, is an integrated and scalable suite of tools
and services that gives bank broker-dealers the knowledge and
flexibility they need to run an efficient and growing business. Terrapin
Technologies is a privately held company located in Minneapolis,
Minnesota. For more information, please visit http://terrapintech.com/.
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