The London Stock Exchange has selected Volante Designer for integration of Swift messaging into the Exchange's UnaVista engine, Volante Technologies announced today.
The implementation will enable UnaVista customers to transmit transaction data to UnaVista in SWIFT messages for matching, reconciliation and other data management services.
"Data transmission through SWIFT messaging is an important option for our customers and will enable more firms to participate in UnaVista," said Mark Husler, head of business development for UnaVista. "We were looking for a solution with out-of-the-box support for SWIFT and other types of messaging standards with no need to change our system architecture, and we found that in Volante. We believe that this will make an important contribution to both our post-trade matching utility and our cash and stock reconciliation solutions."
"We are pleased to welcome the London Stock Exchange into the rapidly growing group of Volante users," said Vijay Oddiraju, CEO of Volante, "As a service provider distinguished by agility and dependability in managing data from many sources and in many formats, UnaVista is an ideal showcase for Volante's benefits - rapid project completion, adaptability to any format or system environment, and scalability to high volumes. We are exceptionally proud to be involved with this project."
Selected in a competitive evaluation of leading integration vendors, Volante Designer is an award-winning solution for data integration. Its automatically generates integration code for any platform, application or network, including proprietary systems like UnaVista. This not only replaces hand-coding but provides runtime speed fast enough for low-latency environments.
Domain-aware Volante Plug-ins, such as the SWIFT messaging Plug-in, expedite integration with pre-built message libraries and rules. Other Plug-ins include FpML, FIX, FAST FIX, generic Plug-ins that support any proprietary message format, and a variety of vendor market data feeds handlers.