OpenLink, a New York-based trading and risk management software company, has released its Open Settlement Solution - an integrated Society for Worldwide Interbank Financial Telecommunication (Swift) messaging capability for its Findur system. Evaluating risk across markets, Findur provides a straight-through processing environment for trading and compliance across derivatives, fixed-income securities, forex, money markets, base and precious metals, energy and other commodities.The Open Settlement Solution was developed in conjunction with Trace Financial, the UK-based financial services software company.
The development of the Open Settlement Solution provides Findur users with an embedded core Swift message set for the delivery of trade confirmations and payments via Swift and a range of other messaging protocols, including extensible mark-up language.
OpenLink's client base includes the Bank for International Settlements, Bank of Canada, Deutsche Bank, Duke Energy, Dynegy, Shell Trading, West LB and Zurich Capital Markets.
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.