Waters Rankings 2016: Best Reconciliation Management Provider — Electra Information Systems

Electra, thanks to its flagship Electra Reconciliation platform—which some Waters readers might remember as OpenSTaARS or the Securities Transaction and Asset Reconciliation System—is now surely the de facto leader in the reconciliations space. The platform, which can be delivered via software-as-a-service (SaaS), implemented in-house, fully hosted or as a managed service, is designed to allow users to manage trade exceptions based on individually defined parameters and rules.
Trade breaks are displayed with their effect on both cash and security positions in a single view, while the progress of reconciliations is presented in real time for the benefit of back-office staff. In addition to supporting standard custodial reconciliation of positions and transactions for all security types across multiple systems and parties, Electra also supports a variety of additional reconciliation activities such as system-to-system, P&L, collateral, security master, and pricing.
Given that Electra received more than double the number of votes compared to its closest competitor in this year’s Rankings, it comes as no surprise that 2015 was a particularly strong year for the Park Avenue, New York-based vendor, originally founded back in 1998. According to a mid-January press release, the firm increased its client base by over 20 percent during the course of 2015 as “demand for automated post-trade operation and robust data management solutions quickly rose.” According to the press release, all of Electra’s offerings contributed to the firm’s growth, although “particular strength was evident in Electra’s reconciliation solutions and subscriptions to its extensive data network.”
In June, Electra struck a potentially lucrative alliance with Linedata, which saw the pair launch an interface between Electra Reconciliation and Linedata Global Hedge Portfolio Manager, providing hedge fund managers with integration between the two platforms, ensuring what Electra describes as “reliable and continued interoperability.”
Other technology vendors that featured prominently in this category include Thomson Reuters, SmartStream, the Depository Trust and Clearing Corp. (Omgeo), and the London Stock Exchange Group’s Univista platform.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology innovator of the year (end-user)—Ruchi Acharya Saraswat, RBC Capital Markets
Ruchi Acharya Saraswat, managing director, head of strategy and transformation, business and client services technology at RBC Capital Markets, wins technology innovator of the year (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Best company for diversity and inclusion (end-user)—BNP Paribas Portugal
BNP Paribas Portugal wins best company for diversity and inclusion (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Wellness/work-life balance award (end-user)—Sarah Mears, MUFG Investor Services
Sarah Mears, chief human resources officer at MUFG Investor Services, wins the wellness/work-life balance award (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Exchange professional of the year—Valerie Bannert-Thurner, Nasdaq
Valerie Bannert-Thurner, executive vice president and chief revenue officer of the financial technology division at Nasdaq, wins exchange professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Rising star (vendor)—Hannah Sayson, S&P Global Marketplace
Hannah Sayson, lead product manager of the S&P Global Marketplace, wins rising star (vendor) in the 2025 Women in Technology and Data Awards.