Financial Tradeware’s S-Messenger scoops SWIFTReady Gold Funds label
S-Messenger becomes one of the first products to gain prestigious accreditation
In order to gain the accreditation by SWIFT, Financial Tradeware had to demonstrate that the S-Messenger message broker could correctly format, distribute and send live messages over InterAct. S-Messenger can handle the 57 XML message standards under SWIFT Release 3 and the new SWIFT Release 4, which replaces them at the end of October.
"SWIFT is proud to award the SWIFTReady Gold label to Financial Tradeware for S-Messenger in recognition of its full compliance with the 2007 Gold criteria for the category Funds. Many congratulations and many thanks for your ongoing support of our Funds business," said Bill Gourlay, Regional Head of Funds Markets, SWIFT.
Swift is committed to growing its SWIFTNet Funds distribution model, and requires the market to share a comprehensive set of open market message standards, and a scalable, highly secure and standardised platform for communication.
"We are pleased that S-Messenger has been awarded the prestigious SWIFTReady Gold Funds accreditation. We have always worked closely with SWIFT and fully support their various initiatives to develop standards that benefit the industry as a whole," said Graham Bright, Managing Director of Financial Tradeware, "S-Messenger is a real enabler of STP, through direct automated communication with counterparties which reduces operational costs, minimises operational risk and improves client service levels."
Financial Tradeware provides integrated portfolio management and messaging solutions and cost-effective SWIFT connectivity, and is registered as the EGP/FT Member Concentrator service provider. Financial Tradeware has developed a suite of modules covering front-office order entry, middle and back office administration, accounting, compliance, as well as clearing and settlement with counterparties. The solutions can be used individually to achieve Straight Through Processing (STP), or integrated to provide automation and management for the entire trade life cycle for small to medium sized investment management firms, fund managers and hedge funds. Financial Tradeware, part of the European investment management group, Dharma Holdings, is headquartered in London and has offices in Rome, Brussels and Geneva. Clients include Caxton, MFEX, Manifest, AIDT, Vector Aerospace, EIM, Karla Derivative Strategies and GlobeTax. For more information see: www.f-tradeware.com