Thomson Reuters Moves to Enable Global Expansion for North American Wealth Management Firms

Thomson Reuters has expanded its North American wealth management brokerage processing platform, BETA, to include automated international post-trade processing for multi-market and multi-currency securities, representing a significant advancement in a continuous effort to better serve both retail and institutional clients. Powered by NRI’s I-STAR/GX platform, Thomson Reuters North American BETA customers will now benefit from automated settlement and straight-through processing of trades executed across all markets, through a high-volume solution with a single-stock record across all asset classes and markets, driving domestic and international corporate actions processing. The service also provides real-time updates of intra-day transaction status changes throughout the lifecycle of the settlement, along with straight-through-processing enabled communication with global and local custodians. It also serves as a multi-tenant solution that segregates each firm’s data while supporting multiple clients within.