B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced the launch of its ‘Settlement System’ Benchmarking. The benchmarking includes tests to measure systems functionality to meet the many changes taking place in post trade operations and those that support client services, which are increasingly under close regulatory scrutiny.
Gary Wright, ceo, B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “We have been working on building a comprehensive settlement system benchmarking for sometime and have now finalised it. The security markets are under enormous regulatory as a result of the financial crisis and this benchmarking should become a valuable test for both vendors and financial services firms, to prove the quality of their systems and service.
A leading software vendor has already submitted their product, (under a non-disclosure agreement) and is the first to enter this benchmarking. Based on the quality of the system submitted we are extremely hopeful that this will eventually result in a public announcement of their systems accreditation once the benchmarking process has been completed”
