SIS joins RadianzNet IP network

SIS joins RadianzNet IP network

Switzerland's SIS Group is to offer settlement and clearing services via the RadianzNet IP-based network.

Established by Reuters and Equant, RadianzNet is a neutral platform that enables financial professionals to access more than 70 competing providers of financial applications and content across the straight-through processing (STP) chain.

Donald Thomas, CEO of SIS Systems comments: "With RadianzNet, the clients of SIS SegaInterSettle will gain an additional, state-of-the-art and efficient IP-based communication medium. This will give them quick and easy access to our Secom system via a computer-to-computer link."

Secom is currently used by 550 subscribing institutions for the settlement of Swiss and international transactions.

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