12:15 PM
Sibos News Briefs
Candle has integrated Javelin's Coppelia FIX solution into its CandleNet eBusiness Platform. The Platform is an enabling technology that connects disparate systems. The new S.W.I.F.T.-to-FIX interface, which joins two distinct protocols with two separate business focuses, is another step in Candle's goal to achieve straight-through processing (STP). JavelinTechnologies is a provider of FIX solutions for the global securities marketplace and Candle is a global software and service company.
Netik.com, a supplier of end-to-end straight-through processing and e-business solutions for financial services, had achieved throughput of 7.4 million complex financial transactions per hour with its xNetik InterChange financial integration product. The testing was carried out in conjunction with Microsoft and Compaq at Microsoft's test labs in Redmond, and was aimed at examining the scalability of xNetik InterChange and its ability to handle high volumes of complex financial transactions. The transactions consisted of loading complex financial messages from a file into a database, extracting and formatting the information into an XML message, and transmitting it into a back-office application over MQSeries.
The DTCC's Depository Trust Company (DTC) subsidiary and Thomson Financial ESG (ESG) plan to combine their existing services into a new integrated trade management solution for both domestic and cross-border trades. The plan incorporates existing ongoing product development schedules at both firms, with some links being planned in the hopes of speedy regulatory approval for the yet-to-be-named joint venture. Short-term, the firms anticipate linking a number of their existing ETC services in order to create greater trade-processing efficiencies for their clients.