UK brokerage firm Tullett Liberty has selected Mercator's InsideSwift product to provide Swift connectivity and compliance with the ISO 15022 securities message format.
The Mercator solution will connect Tullett Liberty's existing back-office settlement system with the Swift network, and normalise message data across the enterprise.
Outbound settlement instruction messages will be transformed from ISO 15022 XML formats to SWIFT 15022 FIN for onward transmission to the Swift network. Incoming ISO 15022 FIN messages will be turned into the proprietary XML message format used internally by Tullett Liberty.
Judy Leslie, operations business technical manager, Tullett Liberty, says: "Mercator will allow us to quickly conform to the requirements of the ISO 15022 standard and will provide us with a platform that can be leveraged to meet the requirements of any future standards."