Swiss American Securities Inc (SASI) is to use Radianz's global financial extranet, RadianzNet, to provide its clients with secure network access to its international trading and custody services.
SASI says it chose RadianzNet to ensure network efficiency across the straight through processing (STP) chain for its global clients.
Christian Hudson, CIO of SASI, comments: "Rather than buying and waiting for new systems to be installed, it will be far more effective and economical to leverage Radianz's existing infrastructure for connectivity to our customers."
He adds that clients will benefit from the deal because, in many cases, no new equipment or networking will need to be installed.
Radianz says the agreement with Swiss American Securities will enable it to offer institutions access to another important component at the back end of the STP chain.