Merrill Lynch, Credit Lyonnais, and Deutsche Bank have each licensed components of Financial Fusion's TradeForce STP package.
TradeForce is a Java-based solution that is designed to standardise financial messaging across a host of pre- and post-trade infrastructures. The package includes Financial Fusion's GlobalFIX software, and Message Broker, an XML-based component for modfying message formats.
The vendor has yet to disclose further details regarding individual license sales.
Richard Moore, president and COO, Financial Fusion, says: "With economic pressures continually impacting the buying decisions of even the largest financial institutions, TradeForce is uniquely positioned in the marketplace as it provides a single platform for all trade connectivity."