18 January 2018
visit http://response.ncr.com

Trayport and Percival team on clearing and settlement

27 October 2009  |  1330 views  |  0 Source: Trayport Exchange Systems

Trayport Exchange Systems and Percival Software Limited today announced the integration of Percival's Depend with Trayport's Exchange Trading System.

Depend is a clearing, settlement, depository, and registry system for equities and bonds.

Trayport's Exchange Trading System is designed to interact smoothly with central clearing systems. The partnering of technologies with Percival's systems allows Trayport's Exchange Trading System to connect seamlessly and in real time to a fully functional clearing and settlement service.

In addition to clearing and settlement, Depend will also provide Trayport's Exchange Trading System with integrated central securities depository and registration functionality. A variety of configurable modular elements will allow each implementation to be adapted to the exchange's requirements.

"Trayport and Percival have already completed a Beta version and client deliveries will commence from November 2009," said Adrienne Muir, Head of Trayport Exchange Systems. "This collaboration allows both close and loose coupled integration between Trayport's Exchange Trading System and Depend. Trayport is now able to offer integrated clearing and settlement through an acknowledged provider as a standard part of our product set for equities and bonds."

According to Dr. Chris Richardson from Percival, Trayport's Exchange Trading System has proven very straightforward to integrate making it a suitable partner system for Depend from an architectural and environmental perspective.

"We hope to extend the functional scope of our integrated products even more in the future and win more projects in exchanges and related areas", said Dr. Richardson.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10677 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10121 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9709 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9241 views comments | 17 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8204 views comments | 8 tweets | 6 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job