trade communication

Customers will save EUR 70 million in 2011. Largest price decrease since 1995.

SWIFT, the provider of global financial messaging services, announced today that it is reducing the price of messages on its core FIN service by an average of 20 percent. This will represent an estimated saving of EUR 70 million for SWIFT customers in 2011. The new pricing plan takes effect on 1 January 2011.

There may not be a ‘typical’ FpML implementation project but Christian Nentwich of Message Automation explains the main components and common challenges inherent in the implementation of this market standard.

SunGard has launched Cliq, a Web-based service that provides standardized electronic communication and collaboration between buy- and sell-side financial institutions involved in global, post-trade processing of listed derivatives. Cliq provides a single point of entry for a variety of activities, including account set-up and allocations to help buy- and sell-side firms track, prioritize and manage operations across listed derivatives, futures and options globally.

Fidessa group plc (LSE:FDSA), provider of the award-winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced that ID's RFQ-hub, the bilateral multi-dealer platform for listed and OTC Derivatives for fund managers, has joined its global connectivity network.

ISITC's Derivatives Working Group recently published market practice recommendations for the communication of trade notification messages between investment managers and their accounting agents to promote the automation of this back-office process across the industry. Julia Schieffer offers insight into building a business case to secure budget to adopt best practices for this highly error-prone operational process.