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.
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