London-based fund manager T Rowe Price International (TRPI) has gone live with One-Ten's Salerio e2e middleware package.
TRPI says the system was chosen to enable it to comply with the Swift ISO 15022 messaging format and improve STP.
Russell Burdett, head of international trade support, TRPI, says the firm maintained a consistent dialogue with Swift and custodian banks to ensure best practice in the application of the new messaging standard. Initial feedback from a number of TRPI's custodian banks on the success of the fund manager's ISO 15022 messaging is that the messages are the "best they've seen", he says.
The system was implemented by TRPI's technical team with the help of Simplex Consulting.