UK market data software vendor Mighter Gissing has added trade capture feed handlers to its multi-vendor contribution system ConteX, enabling trade confirmations to be automatically routed into back office systems.
Mighter Gissing says its ConteX Trade Capture Gateway eliminates the need for manual input by converting electronic trade confirmations into the correct protocol and automatically delivering them to a bank's back office systems.
Richard Gissing, managing director, Mighter Gissing, says electronic trading is standard in the industry but the manual input of confirmations has continued to cause problems.
"The launch of the ConteX Trade Capture Gateway brings automation and efficiency to the final link in the trading chain," adds Gissing.
The software can currently capture and route trades executed on the Bloomberg Trading System, EuroMTS and EuroMTS Repos and BrokerTec Repos. Mighter Gissing says ConteX Trade Capture Gateway is already in use at three major financial institutions across Europe.