While acting as operator for link up markets, Clearstream Services will use the TCS BaNCS product suite for transforming and routing transactions and assuring the exchange of information between the participating central securities depositories (CSDs). The solution will enable integration among the CSDs, shielding them from differences in communication protocols and proprietary message standards. As a result the solution can be implemented swiftly, offering minimal adaptations for the participating CSDs.
TCS BaNCS service integrator is a java based integration platform that enables seamless integration among various applications, TCS BaNCS and standard messaging networks and market data feeds. The solution supports integration through messages, files and web services over the industry standard protocols providing high STP rates for high volume trading. The solution has inbuilt configuration-driven readymade adaptors to integrate with Networks such as swift, FIX and Feeds such as Reuters and Bloomberg, thus saving time and cost and reducing risks.
Yves Baguet, member of the executive board of Clearstream Services, said: We are confident that the combination of the TCS BaNCS product running on Clearstream’s state of the art IT technical infrastructure that we operate is a powerful asset for link up markets.
Ganapathy Subramaniam, president of TCS Financial Solutions, said: Improving the efficiency of cross-border services, and reducing the costs of post-trade processing in Europe is an exciting challenge for all stakeholders. Our team is proud to assist customers like Clearstream Services to develop strong partnerships between Central Securities Depository markets throughout Europe.