Data Vendor Corporate Action Messaging in CAMS product suite

Tuesday 12nd September, 2006

Trace Financial, the specialist integration solution provider, is pleased to announce that it has successfully completed testing with a number of major Data Vendors in the Corporate Action arena and is now able to offer a comprehensive service for receipt and processing of ISO15022 standard messages for Data Providers within its CAMS product suite.

The CAMS Product suite consists of CAMS Connect, a quick-start, entry level Corporate Actions solution that allows the business to take the first vital steps on the automation path, and CAMS which provides the full automation of corporate action processing bringing the business into the STP environment. Both products benefit from Workflow technology and an extremely flexible integration engine (SWIFTReady GOLD accredited), making risk control and system interfacing simple processes.

John Murphy, Managing Director of Trace Financial, said “It is in the best interests of the business community that Corporate Action information from data vendor providers can be made readily available, in electronic form and to a common standard like ISO15022. All our corporate action solutions are proven and lead the way in offering rapid implementation with the freedom to choose any vendor.”

Nick Tonge, Sales and Marketing Director, added “Both CAMS and CAMS Connect are once again re-stating their position as market leaders in offering corporate action solutions tailored to what the business wants. We deliver the added value of being able to compare market data at numerous levels. Our leading-edge solutions deliver the goal of true STP for corporate actions.”

Linda Letch, Head of Business Consultancy, concluded “The financial marketplace has for a long time been asking for the ability to receive and use Data Vendor information as part of Corporate Action automation. Trace Financial, with their vast experience and expertise in the ISO15022 world, recognised the full potential to businesses of efficient handling of such data and have incorporated a robust and complete solution within CAMS and CAMS Connect, providing real benefit on the road to Corporate Action STP.”

Company information;

Trace Financial is a wholly owned subsidiary of FTSE listed Trace Group plc. The business’s expertise is providing solutions in Corporate Actions automation, Settlement and ETC STP, and message integration, transformation and delivery within the Financial Markets arena.

The company’s portfolio of leading edge products includes CAMS and CAMS Connect: providing comprehensive alternative solutions for Corporate Action processing and messaging; Transformer: a unique message transformation application and toolkit; Cloverleaf Finance: a comprehensive message broker and integration toolkit; Trafic: a leading CREST, ETC and SSE application; and Message Monitor: a highly configurable GUI for message view, repair and authorisation.

Trace Financial designs, implements and supports innovative and practical STP and EAI solutions that deliver real business benefits utilising industry standard technologies and platforms. All solutions are backed up by unparalleled service and support capabilities, and outstanding partnerships with its customer base.

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