A new version of the Alert data base from Thomson Financial Services adds custodian banks to its network. The previous version allowed institutions to electronically communicate trade settlement information to brokers. Now with version 2.0, each subscriber (institution, broker, custodian bank) will be able to send and receive account delivery instructions. Other new features include report writing capabilities, an electronic mail feature, and custom print formats. The new version is expected to be released in the fall.
Alert is a unit of Thomson Financial Services, Boston.