Welcome!

News Feed Item

TradeFlow from Fiserv Enhanced with Block-Level Support for SWIFT Global Electronic Trade Confirmation Solution

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that TradeFlow™, its post-trade processing solution, has been enhanced with block-level support for SWIFT’s Global Electronic Trade Confirmation (GETC) solution. TradeFlow enables SWIFT messaging with block- and allocation-level workflows for confirmation and affirmation, exceptions management and status reporting. The solution also provides integrated connectivity to other automated trade matching platforms, including Omgeo Central Trade Manager® (CTM), Omgeo OASYS Direct® and MarkitSERV®.

Through SWIFT GETC, TradeFlow supports SWIFT ISO 15022 message types MT509 (status), MT513 (advice of execution), MT514 (allocation instruction), MT515 (confirmation of purchase or sale) and MT517 (confirmation affirmation). The solution supports workflows developed in accordance with SWIFT GETC implementation guidelines.

“As investment managers continue to strive for higher levels of post-trade operational efficiency, the SWIFT GETC messaging solution is enabling increasing numbers of buy-side firms to reduce operational costs and risks,“ said Arun Aggarwal, managing director, U.K., Ireland & Nordics, SWIFT. “We are pleased that TradeFlow now includes integrated support for GETC, and are certain these enhancements will also help firms meet the new European settlement requirements which are effective as of next year.”

The enhanced functionality of TradeFlow enables investment managers to comply with accelerated settlement cycles for securities, while achieving greater efficiency in straight-through processing (STP).

These improvements are business imperatives for firms trading in the European Union (EU), as the T+2 settlement cycle (T+2) becomes mandatory in January 2015. T+2 requires securities transactions to be settled within two business days of trade executions. At the present time, only three EU nations – Germany, Bulgaria and Slovenia – require T+2; however, 10 additional EU nations – including France and the United Kingdom – are expected to implement T+2 in October 2014.

The United States will remain on the T+3 settlement cycle, which requires post-execution settlements within three business days, but industry leaders are strongly encouraging the U.S. to implement T+2 by 2016.

“TradeFlow’s integrated support for the SWIFT GETC solution offers our clients additional opportunities for automating, standardizing and accelerating post-trade workflows,” said Simon Garwood, senior product manager, Investment Services, Fiserv. “These enhancements ultimately enable firms to enrich straight-through processing, while yielding broader improvements in operational efficiency, and reducing the overall cost and risk associated with settling trades.”

TradeFlow from Fiserv is built on a highly secure and scalable enterprise application architecture that enables straight-through processing and supports a unified front-, middle-, and back-office infrastructure. Through streamlined best practice workflows, TradeFlow automates post-trade lifecycle events, including electronic trade confirmation and settlement. TradeFlow also drives larger-scale improvements in operational efficiency, allowing firms to mitigate risk and deliver a better service model to clients and counterparties.

Additional Resources:

About SWIFT

SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories. For more information, visit www.swift.com.

About Fiserv

This year, Fiserv, Inc. (NASDAQ: FISV) celebrates 30 years of leadership in financial services technology. As one of FORTUNE® magazine's World's Most Admired Companies, Fiserv is helping clients worldwide achieve best-in-class results by driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.

FISV-G

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...