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Citco introduces Æxeo® FailSafe to prevent trade fails
May 2024

30 May 2024 - The Citco group of companies (Citco) is pleased to announce it now offers a standalone, settlement-exception management service that helps to prevent trade fails.

Æxeo® FailSafe provides alternative asset managers with an overview of all pre-and post-settlement trading information for their funds across multiple brokers, without the need to review several reports or access multiple portals. This can help avoid costly settlement fails and all the implications that come with them, such as mandatory buy-ins, prohibitive fail charges and reputational damage. Covering pre-and-post-settlement, Æxeo FailSafe provides consolidated oversight across regions, strategies and asset classes, with its near-real time view meaning there are no surprises around settlement fails come end of day.

Æxeo Failsafe is available directly and to clients of Citco Æxeo Trade Operations (formerly known as Trade Matching), and is accessible via desktop applications, as well as through direct reporting straight to Order Management Systems for clients of the Citco Data Services platform. Once enabled, clients log in via their CitcoOneTM accounts to receive an overview of all their trades and their statuses.

Æxeo Failsafe is the latest service from Citco Æxeo Trade Operations which offers 24/6 global coverage to assist with any settlement issues between clients’ executing brokers and prime brokers/custodians.

To learn more about Æxeo FailSafe or to request a demo, please get in touch.

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