Financial messaging

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/Financial messaging

European exchanges and clearers lay down interoperability guidelines

Trading and clearing venues across Europe have agreed a set of standards to cover the electronic exchange of trade information between competing market infrastructures.

/Financial messaging

Turkish banks upgrade payments infrastructure with Logica

The 48-strong Banks' Association of Turkey (TBB) has migrated to a new high-value payments platform supplied by incumbent provider Logica.

/Financial messaging

Swift switches on central matching for brokers and hedge funds

Banking co-operative Swift has adapted its Accord matching system to handle the pre-settlement processing of securities trade flows between prime and executing brokers and hedge funds.

/Financial messaging

DTCC, Swift and XBRL US team on corporate actions processing

The Depository Trust & Clearing Corporation (DTCC), Swift and XBRL US have joined forces in a bid to improve communications between issuers and investors for corporate action announcements in the US market.

/Financial messaging

RZB CEO Walter Rothensteiner to deliver keynote at EBAday 2009

The Euro Banking Association and Finextra are calling for community input on the agenda for EBAday 2009 in Vienna, Europe's premiere payments exhibition and conference.

/Financial messaging

European payments industry to convene in Vienna for EBAday 2009

Registration is now open for EBAday 2009, the leading annual European payments forum held by the Euro Banking Association and Finextra Research. This year the two-day event is in Vienna from 30 June to 1 July, and is supported by lead sponsors Deutsche Bank, JPMorgan Chase, RZB, and Logica.

/Financial messaging

Swift brings the curtain down on Sibos party

Ending a long-standing tradition, financial messaging network Swift is pulling the plug on its iconic end-of-Sibos party as it looks to rein in costs ahead of this year's event in Hong Kong.

/Financial messaging

Banque CIC (Suisse) signs for Sterci messaging system

Banque CIC (Suisse) has signed for Stelink, the SOA-based financial messaging platform from Sterci.

/Financial messaging

Standard Chartered selects GoldenSource for corporate actions

Standard Chartered Bank is rolling out technology from US vendor GoldenSource to automate the creation of golden copy corporate actions notifications.

/Financial messaging

Isitc members feel the pain as crisis deepens

Financial industry association Isitc is reporting deep cuts in IT and staffing at member firms as the global economic crisis bites.

/Financial messaging

LSE selects Rapid Addition for FIX engine

The London Stock Exchange (LSE) has selected Rapid Addition for the provision of a FIX engine to its TradElect platform.

/Financial messaging

Lloyds TSB pays $350 million to settle cover payments charges

Lloyds TSB has been slapped with a $350 million penalty by the US Justice department over its "criminal conduct" in deliberately falsifying wire transfers destined for countries or individuals on US sanctions lists.

/Financial messaging

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

/Financial messaging

Caja Madrid overhauls financial messaging with Sun Microsystems

Spanish savings bank Caja Madrid is overhauling its financial messaging strategy with Sun Microsystems' suite for Swift.

/Financial messaging

EMXCo names Euroclear's Yannic Weber CEO

Brussels-based depository Euroclear has installed its UK and Ireland chief executive officer Yannic Weber as CEO of subsidiary firm EMXCo, which provides electronic messaging to automate the flow of investment fund orders.

/Financial messaging

Swift set for greater involvement in e-invoicing

Financial messaging network Swift is consulting with its membership about the potential provision of an interbank e-invoicing exchange network and the creation of a banking industry wide standard.

/Financial messaging

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

/Financial messaging

GL Trade revenue up, despite fall in OTC system sales and slower front-office growth

GL Trade has reported Q3 revenue up 10.5% to EUR162.8m despite its front-office sales being hit in Europe and sales of its Tradix and Sierra solutions falling worldwide.

/Financial messaging

JPMorgan runs successful Alliance Lite pilot at Swift treasury

JPMorgan has successfully completed a pilot implementation of Swift's Alliance Lite interface with the Belgium-based treasury business of the interbank co-operative.

/Financial messaging

SunGard ships white-labelled corporate payments package

SunGard has packaged its Ambit Payments system together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured system for corporate payments.