Trace adds LSE's ISO15022 corporate actions feed to CAMS
16 May 2007 | 1717 views | 0
Source: Trace Financial
Trace Financial, the Corporate Actions and specialist integration solution provider, is pleased to announce that it has successfully completed testing against the London Stock Exchange's ISO15022 Corporate Action Data feed and is now able to offer a comprehensive service for receipt and processing of ISO15022 standard messages for data providers within its CAMS product set.
The CAMS Product set consists of CAMS Connect, a quick-start, entry level corporate actions solution that allows the business to take the first vital steps on the automation path, and CAMS which provides the full automation of corporate action processing bringing the business into the STP environment. Both products benefit from workflow technology and an extremely flexible integration engine (SWIFTReady GOLD accredited for EAI), making risk control and system interfacing simple processes.
Jill Walker, Business Development Manager of Trace Financial, said "Reference Data is becoming a key component of financial organisation's infrastructure and processing, particularly in the Corporate Actions arena where there has been such a sharp increase in activity and the risks are greatest. The LSE have proved themselves to be leaders in the provision of Corporate Action data and together we are able to offer the business community a rapid solution to an ever increasing problem."
Nick Tonge, Sales and Marketing Director, added "The CAMS product set are once again re-stating their position as market leaders in offering the greatest choice for flexible and comprehensive corporate action solutions tailored to the requirements of the business. We deliver the added value of being able to compare market data at numerous levels. Our leading-edge solutions are able to deliver a full risk strategy and processing automation for corporate actions".