Mighter Gissing, a provider of financial-data handling, has launched the ConteX Trade Capture Gateway, which enables STP by automatically routing trade confirmations into back-office systems. Mighter Gissing has developed the ConteX Trade Capture Gateway by adding Trade Capture Feed Handlers and related functionality to its multi-vendor contribution system, ConteX. The system aims to enables STP by removing the need for those trading electronically on executable prices to manually input the details of trade confirmations into the bank's risk-management/accounting system.
CDC IXIS Asset Management has selected Accurate Software's Operational-Risk-Management solution for the reconciliation of trade and holdings. Developed using SwiftReady-Gold-accredited technology, Accurate NXG will be deployed at CDC IXIS Asset Management's headquarters in Paris. Accurate NXG is an approach to controlling operational risk built on reconciliation, exception management, workflow and business intelligence.
With only six weeks remaining before the ISO 7775 Message User Group (MUG) is discontinued on May 31, 2003, Swift announced that 99.5 percent of all securities-message traffic is now compliant with the ISO 15022 standard. As of May 1, 2003, the compliance threshold for ISO 15022 will be 100 percent. For those customers still sending ISO 7775 messages after this date, significant charges will be incurred, ranging from EUR 10,000 to more than EUR 45,000 depending on the global price tier of the customer.
Asset Control, a provider of investment data-integration solutions to the financial industry, announced the completion of mapping the Telekurs Valordata Feed (VDF) to the Asset Control system. Asset Control currently is normalizing the VDF data to the Asset Control data model. The data model serves as a common standard for normalization of incoming data feeds, simplifying consolidation of multiple data sources into a single "golden copy" data set.