---
title: Thomson Reuters Adds International Support to BETA
description: The move enables the global expansion for North American wealth managers.
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---

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 05.03.2018

 By Rob Daly

 Press Release

# Thomson Reuters Adds International Support to BETA

 05.03.2018 By Rob Daly

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Strategic agreement with Thomson Reuters builds out international post-trade processing capabilities on Thomson Reuters BETA wealth management platform

Thomson Reuters has expanded its North American wealth management brokerage processing platform, BETA, to include automated international post-trade processing for multi-market and multi-currency securities, representing a significant advancement in a continuous effort to better serve both retail and institutional clients.

Powered by NRI’s I-STAR/GX platform, Thomson Reuters North American BETA customers will now benefit from the automated settlement and straight-through processing of trades executed across all markets, through a high volume solution with a single-stock record across all asset classes and markets, driving domestic and international corporate actions processing. The fully integrated solution also provides real-time updates of intra-day transaction status changes throughout the lifecycle of the settlement, along with straight-through-processing enabled communication with global and local custodians. It also serves as a multi-tenant solution that segregates each firm’s data while supporting multiple clients within.

“The need for a well-diversified portfolio continues to drive wealth managers to seek greater investment opportunities for their clients beyond U.S markets. Our enhanced multi-market capability allows our North American BETA customers to reach new financial markets and grow their existing business by offering a broader array of investment options and opportunities globally,” said David Akellian, Global Head of Wealth Management for Thomson Reuters. “As regulatory demands increase globally, the fully automated single-stock recording process allows firms to be more operationally efficient and transparent in managing custodianship, ultimately mitigating risk, reducing error rates, reducing costs, and freeing up resources to work on other aspects of their business.”

“NRI is excited to be partnering with Thomson Reuters - an important milestone in NRI’s international growth,” said Naohiro Sako, Senior Managing Director, NRI. “Thomson Reuters is a highly respected organization, and together with Thomson Reuters, we look forward to catering to an even wider range of clients’ needs, expanding the reach of our services. Our two organizations will be able to fully automate post-trade processing for international trades, creating a faster, cleaner flow between the US and international markets.”

Thomson Reuters BETA is a complete suite of solutions that enables institutions to manage the daily tasks of their brokerage business. It offers all the tools needed to manage daily operations, plus forward-thinking features to keep the organization positioned for the future. The parameter-driven customization features of BETA deliver a hosted solution with a unique level of flexibility to meet the needs of individual businesses. For more information about Thomson Reuters BETA, click [here](https://financial.thomsonreuters.com/en/products/trading-capabilities/post-trade-services/beta-systems-trade-processing.html).

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