24 August 2017
Visit http://response.ncr.com

Swift moves on front office with Nyse FIX link

20 March 2002  |  3670 views  |  0 SWIFT1

The interbank payments network Swift is to provide a trading link with the New York Stock Exchange via its new SwiftNet FIX messaging solution.

The connection will give Swift customers represented by a Nyse member firm direct access to the Exchange's network of order-execution services called Network Nyse.

"This agreement provides a secure and reliable connection for foreign investors represented through Nyse member firms to trade Nyse-listed stocks via the Swift network," says Nyse chief technology officer Roger Burkhardt.

The Nyse is the first stock exchange to sign up for the SwiftNet FIX messaging solution, a new service powered by Financial Fusion which routes, monitors and manages FIX message traffic over the Society's IP-based network. Pan-European exchange Euronext recently signalled its intention to use the Swift network to deliver ISO 15022-compliant access to its NSC trading system and Clearnet Clearing 21 service.

The agreements pave the way for Swift to extend its influence beyond the back office and into the pre-trade/trade arena, providing end-to-end messaging services across the entire transaction lifecycle.

Commenting on the Nyse link-up, Francis Remacle, head of Swift's securities industry division, says: "This is a key deal for Swift, validating the SwiftNet FIX value proposition and cementing its presence in the trading world by providing standardised connectivity to one of the world's most important securities players."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CMG banks on HelioGraph for Swift migration

CMG banks on HelioGraph for Swift migration

07 March 2002  |  2874 views  |  0 comments
Schroder establishes Swift link to Clearstream

Schroder establishes Swift link to Clearstream

01 March 2002  |  2983 views  |  0 comments
Brief: HSBC Securities (Asia) selects Mercator for Swift migration

Brief: HSBC Securities (Asia) selects Mercator for Swift migration

26 February 2002  |  3148 views  |  0 comments
Cameron Systems plans SwiftNet FIX support

Cameron Systems plans SwiftNet FIX support

21 February 2002  |  2949 views  |  0 comments
Trace bridges Swift ISO standards

Trace bridges Swift ISO standards

20 February 2002  |  3060 views  |  0 comments
Capco and SeeBeyond introduce Swift migration tool

Capco and SeeBeyond introduce Swift migration tool

07 February 2002  |  3088 views  |  0 comments
Radianz adds to Swift discomfort with F&C FIX contract win

Radianz adds to Swift discomfort with F&C FIX contract win

06 February 2002  |  4572 views  |  0 comments
Brief: Bloomberg tests FIX links with TransactTools

Brief: Bloomberg tests FIX links with TransactTools

05 February 2002  |  3341 views  |  0 comments
Global Crossing files for Chapter 11

Global Crossing files for Chapter 11

29 January 2002  |  3641 views  |  0 comments
Swift CEO outlines Global Crossing contingencies

Swift CEO outlines Global Crossing contingencies

28 January 2002  |  4560 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21375 views comments | 44 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12102 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11489 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11273 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10912 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job