Thursday November 21 2013

News Source: Global Exchanges

Focus: UCITS

Type: General




Volante Technologies, a provider of financial data Integration, today launched a TARGET2 Securities (T2S) Accelerator.

The T2S Accelerator is designed to support rapid integration to the T2S settlement platform. It offers full T2S message library including cross field validations and where relevant, off-the-shelf transformations from existing ISO 15022 MT5xx series messages to the equivalent T2S messages.

T2S is to be implemented by the European Central Bank (ECB) in July 2015 and is designed to improve post-trade efficiencies in Europe. Through the removal of barriers across countries, the new T2S settlement rules include changes to the messaging standards that underpin current messaging processes. At present, most securities settlement uses ISO 15022, which in response to the regulation, will change to ISO 20022 compliant XML to ensure T2S-compliance.

Click on the above link for more details.