Tel Aviv Stock Exchange selects SunGard for Swift connectivity

Tel Aviv Stock Exchange selects SunGard for Swift connectivity

Israel's only stock exchange has licensed SunGard's STeP Mint SwiftNet software to connect back-office applications to Swift.

The Exchange decided to integrate its existing trading and clearing applications with the standard communication channels, standard messaging formats and comprehensive international community represented by Swift.

SunGard's Mint will provide the gateway connectivity to Swift as well as the integration engine to the exchange's back-office applications. It will also perform online transformations between the Exchange's internal messages and Swift security trading messages.

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