Operations Briefs


By
April 03, 2003

Guaranty Clearing Corporation (GCC), a wholly owned subsidiary of the Board of Trade Clearing Corporation, and ChemConnect, Inc., a vendor which helps customers optimize their purchasing and sales processes, announced that GCC will offer clearing and settlement services for a variety of contracts transacted on ChemConnect's natural gas liquids (NGLs) Commodity Markets Platform, Chalkboard. These services will involve forwards, swaps, and options contracts, with an initial focus on ethane and propane.

Operational-risk-management provider Accurate Software has formed an alliance with global-software and services provider, ADP Wilco, a wholly owned subsidiary of Automatic Data Processing. Under the terms of the alliance, ADP Wilco's existing retail and institutional clients can benefit from Accurate's SWIFTReady Gold accredited operational-risk-management technology.

ADP Power Securities Systems, a unit of Automatic Data Processing, Inc.'s Brokerage Services Group, announced the launch of the new ASP version of PowerClear, its securities-transaction-processing system. The ASP product is named webPowerClear and it includes new functionality in margin and correspondent clearing. webPowerClear is a full-service, real-time multi-currency, back-office-processing engine built on modern technologies and component architecture.

Capco announced the launch of STP Bridge, a solution that provides interoperability, for payment- and securities-related transactions between financial institutions' internal applications and market-infrastructure organizations or BPOs. It supports a large variety of protocols such as SWIFTNet FIN, FileAct and InterAct services, OMGEO CTM, Oasys Direct and FIX.




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