Under terms of the agreement, Thomson Transaction Services (TTS) will integrate the Appix mortgage backed securities processing system into its main product TTSHost, and market it as TTSMortgage. TTS is a securities data-processing firm in the US, offering a comprehensive system for self-clearing and correspondent brokerage firms.
Christopher Feeney, global managing director of Thomson Financial, said: This partnership enhances the TTS institutional offering by providing an integrated mortgage backed allocation system for pool allocations.
