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Markit deploys C24 Integration Objects to validate Swift messages

17 December 2014  |  2138 views  |  0 Source: C24 Technologies

C24 Technologies, a leader in financial services messaging and integration solutions, today announced that Markit, a leading global diversified provider of financial information services, has deployed C24 Integration Objects to validate SWIFT messages sent to customers of Markit's Corporate Actions service.

“Corporate actions automation helps firms reduce risks and operational costs”

Information about corporate actions, such as stock splits, mergers and acquisitions, help market participants make investment decisions. To help ensure that data feeds from Markit are compliant with ISO 15022 and ISO 20022 standards, Markit’s Corporate Actions service uses C24 to validate the SWIFT messages it sends to customers. Specifically, C24 validates Markit’s MT564 and MT568 messages and auto splits large MT564 messages into smaller components. Today, Markit transmits corporate actions data to 80 customers up to 15 times per day.

“C24 helps ensure that we deliver data in adherence to SWIFT message formats, facilitating straight through processing by our customers’ systems,” said Brian Okupski, Managing Director and Head of Markit’s Corporate Actions service. “Global data standards evolve continuously and C24 is part of how we deliver reliable service.”

“Corporate actions automation helps firms reduce risks and operational costs,” said Wayne Meikle, Commercial Director, C24 Technologies. “C24 helps firms reduce technology risk and improve development efficiency – so we are very pleased to work with Markit to achieve both sets of objectives.”

C24 Integration Objects (C24-iO) is a standards-based Integrated Development Environment (IDE) and run-time that extends Java integration frameworks with data modeling, metadata management, message transformation and semantic validation for any data format. C24-iO Standards Libraries provide supported implementations of ISO 15022/20022, FIX, and FpML standards as well as specialized industry variants such as SWIFT MT/MX, SEPA, DTCC, MarkitSERV, and legacy industry standards. C24-iO generates high quality Java objects for deployment in any Java contacy industry standards. C24-iO generates high quality Java objects for deployment in any Java container such as Spring Integration/Batch, Mule, Fuse or Oracle and fully integrates with NoSQL, ESB, grid, caching and cloud technologies.

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