Altus has merged its straight-through-processing (STP) trading solution AIG with ITM’s trading solution PenScope to provide the first end-to-end STP solution, Finextra reports. PenScope clients will be able to transmit DC investment instructions to fund managers through AIG and receive settlement, holding and price information completely automatically.

The move will result in better controls, improved auditability, elimination of transcription errors and reduced administrative effort. The in-built controls and unit reconciliation functions within PenScope utilize actual fund holdings from AIG, assuring customers that DC schemes are fully reconciled at any point in time.

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