The CREST Bridge provides Hargreaves Lansdown with a resilient STP interface supporting a daily volume of several thousand trades with very little technical intervention. The solution also provides a browser-based GUI offering business users customised views of CREST business transactions and their settlement status, with drilldown to underlying messages, and the ability to export a range of data views as reports.

At a strategic level, a key objective is to provide Hargreaves Lansdown with the means of successively adapting to the requirements of the forthcoming Euroclear Single Platform project.

At each phase of this complex project some transactions and reports will migrate to the Single Platform, while others will remain on legacy CREST.

Because it is built using configurable components such as message definition libraries and routing rules, Trace Financial's CREST Bridge solution can be progressively re-configured to suit each stage of the project, without requiring extensive re-coding.

Neil Sutton, Head of Back Office operations at Hargreaves Lansdown stated: "We have been very happy with the way Trace has configured the CREST Bridge solution to meet our particular needs, and the support provided by the company's very experienced and knowledgeable staff".

John Murphy, Managing Director of Trace Financial, said: "This project is a perfect example of the way in which our products, messaging consultancy and line-of-business skills combine with a customer partnership approach to deliver an ideal solution, meeting both current and future needs. We look forward to continuing our excellent relationship with Hargreaves Lansdown as we support this mission critical solution".