Source: Financial Tradeware
Financial Tradeware, provider of Portfolio and Fund Management Straight Through Processing (STP) solutions for investment managers, fund managers and hedge funds, today announced it had been awarded the SWIFTReady Gold Funds label by SWIFT for S-Messenger.
In order to gain the accreditation by SWIFT, Financial Tradeware had to demonstrate that the S-Messenger message broker could correctly format, distribute and send live messages over InterAct. S-Messenger can handle the 57 XML message standards under SWIFT Release 3 and the new SWIFT Release 4, which replaces them at the end of October.
"SWIFT is proud to award the SWIFTReady Gold label to Financial Tradeware for S-Messenger in recognition of its full compliance with the 2007 Gold criteria for the category Funds. Many congratulations and many thanks for your ongoing support of our Funds business," said Bill Gourlay, Regional Head of Funds Markets, SWIFT.
Swift is committed to growing its SWIFTNet Funds distribution model, and requires the market to share a comprehensive set of open market message standards, and a scalable, highly secure and standardised platform for communication.
"We are pleased that S-Messenger has been awarded the prestigious SWIFTReady Gold Funds accreditation. We have always worked closely with SWIFT and fully support their various initiatives to develop standards that benefit the industry as a whole," said Graham Bright, Managing Director of Financial Tradeware, "S-Messenger is a real enabler of STP, through direct automated communication with counterparties which reduces operational costs, minimises operational risk and improves client service levels."