View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 14, 2005

FMC pairs with Swift for global securities network

Investment services provider Financial Models Company is extending its relationship with Belgium-based Swift to build a global network for the automation of securities messages and services.

By CBR Staff Writer

The network is being developed to facilitate two-way communications for securities transaction messaging between users of the FMCNet post-trade securities service and the Swift network.

The new service means that Swift customers will be able to interact with investment managers, custodians and brokers via FMCNet’s central matching and rules-based trade management technology, using allocation messaging formats.

Jose Manso, managing director of FMCNet said the partnership was set up to fill the gaps that exist today in post-trade STP.

SWIFT encourages the use of its network for a variety of securities message flows. Investment managers globally can easily interface with FMCNet’s services

FMCNet is a web-enabled platform that aims to provide centralized SSI maintenance, message translation services and interfaces into other networks including Swift.

It has been suggested that FMC will value its label of ETC Service Provider as an important development for the firm, as it will strengthen its competitive standing with existing ETC service providers such as SunGard and Omgeo.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.