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This another significant APP development. Folowing SIBOS and the launch of a number of APPs by several vendors the trend is very clear. If a vendor does not have a relevant APP they are already looking like yesterdays software vendor. Expect many more developments of this kind as the industry moves to empower the investor. This meets regulatory needs in both Europe and the USA where the investor is rightly king. Well done Broadridge for moving the industry a step further in utilising APP technology to the benefit of the willing investor 

Its sad but its the only way to force SEPA into the industry. As the banks lose out they should blame their inability to adapt to change as political objectives create new structures and new services desperatly needed by corporates and consumers. The greater EU plan will always take precedence and banks appear only to take business protective stances. Next year we will see the folly of this attitude    

Arhhh politics! I agree this can stupify the best of plans. However FPL does appear the very best option if there is to be a quick and cheap solution. SWIFT is far to slow and cumbersom and has minimal buy side usage where FIX has penetrated into the buyside already and is an ongoing and growing use. The CT would further escalate FIX into the buyside community and this would obviously benefit the sell side banks

Its important that the industry takes charge of the CT and moves fast gaining as much industry wide support along the way.

Lets kick politics out of the industry     

Well done FPL for getting involved. The consolidated tape concepts has failed many times arround the world but in FPL there is real hope for sucess

How is it possible to be undetected for five years. There is more to this story i am sure

This has to be good for the investor but hardly great news for brokers. Could this bring about a move towards Stock Exchanges away from MTFs and the like?

Thanks David

XBRL will not solve all the problems at once but it will start a logical starting point by cementing Issuer data at the point of creation. This will remove the Golden Copy hunt and in one swoop eliminate the need for such technology.

It also allows ISO20022 to become a path to allow the retail market web access to reliable Issuer data. By tackling the retail market and investors it should bubble up through to Brokers and the Custodians. It is the apalling Custody service that is creating many of the industry problems.

XBRL will link the Issuer (Company Secretary Department) with the market and will be of huge value to the Issuer who can ensure the market gets accurate and fast Corporate Data and not put their share price at risk. The Issuer will also service their investors by reducing the costs and risks that they currently pay (All though they dont know it)

Welcome to the Group and i look forward to your input as we create a XBRL push in the UK and Europe from Issuers down and investor up 

This area of the industry is in bad need of help and looks like its going to get it with SmartStream. A very timely move for all i think

Really not holding my breath on T2S but it must be given a chance to work and more positive discussions on resolving problems would help. Sometimes this industry has to be dragged kicking and screaming like a child to achieve whats good for them

This is really good news and deserves a chance to succeed More light shinning at SIBOS

Well done SWIFT