OpenLink adds Swift messaging to Findur system

OpenLink adds Swift messaging to Findur system

New York-based trading and risk management vendor OpenLink has added an embedded Swift messaging capability to its Findur trading system.

The development provides Findur users with an embedded core Swift message set that facilitates the delivery of trade confirmations and payments via Swift and a range of other messaging protocols (FIX, XML, CREST, ETC, Euroclear).

The message set conforms to Swift's new ISO 15022 standard, ahead of the 16 November compliance deadline for securities traders.

The company says it will showcase the new messaging solution - based on Trace Financial's Cloverleaf application - at the Swift International banking and Operations Seminar (Sibos) in Geneva later this month.

OpenLink lists the Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury Services, and Deutsche Bank among its client roster.

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