Trace Financial announces its
new Euroclear Business Model Solution Set
Over the next few years Euroclear Group Companies are implementing
the Euroclear Business Model (EBM). Initially the main impact is
on clients of the Central Securities Depositories (CSDs) in Belgium,
Netherlands and France with the ESES (Euroclear Settlement for Euronext-zone
Securities) implementation and it culminates in the use of the Single
Application Platform across all Euroclear Group companies in 2008/2009.
Trace Financial has been a leading supplier of UK CSD (Crest) based
technology to some of the largest financial institutions since initial
Crest connection testing right through to the present time. We will
continue to support our clients through the transition to the EBM.
We will also provide comprehensive business messaging solutions
for any other institution facing the issues of connectivity and
interoperability with the EBM.
At Trace we specialise in mission-critical financial messaging
solutions for institutions world-wide working with SWIFT, FIX, Crest,
Omgeo, XML, FpML, TRAX, as well as internal back-office and other
proprietary standards. We have been doing this for twenty years;
we have been SWIFTReady GOLD accredited for seven consecutive years
and we have teams of implementation staff delivering complete business
solutions and 24*7 support.
The Trace EBM Solution consists of the following:
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Trace EBM Message Toolset -
available today as our Transformer product and includes libraries
for ALL major financial message groups. These libraries are
updated as new standards are released. XML and non-XML messaging
is handled with ease alongside validation, mapping and enrichment.
Uniquely, Transformer can be used by a business analyst to solve
all financial messaging issues. Deployment can be alongside
existing middleware or Trace can supply this (see below). Transformer
is NOT a new piece of middleware but is deployed within the
client's existing infrastructure, be that SOA, Web Service,
ESB, Java, .NET or EAI. Testing mode ensures your messages comply
with published standards. Transformation mode ensures data is
correctly formatted for target systems. This means messages
originating from in-house systems can be translated, transformed
and enriched and then validated before being sent to the EBM.
Similarly messages from the EBM can be validated, translated
and transformed into any in-house format. |
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EBM Message Monitor -
provides a browser-based, business transactional view of the
message flow together with full audit trail and message history. |
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EBM Interface Manager -
for those clients who need a complete high-performance, high-reliability
solution, it utilises the above products plus the routing, connectivity
and control of interfaces available from our SWIFTReady GOLD
accredited Cloverleaf®finance. This adds functionality for
management and connectivity to network providers, implementation
of the Common Communication Interface (CCI), and interface to
clients' internal systems. |
The Trace EBM Solution provides the business with a transactional
view of message flow; the business analyst with the ability to validate
and test both messages and transformations; the operations staff
with resilient interfaces and the tools to monitor the status of
connections. The same technology can be used to solve other messaging
requirements, standards and initiatives such as MiFID, TRAX (15022/20022),
OMGEO Direct & CTM, SWIFTNet, SWIFT FIN, XML, FIX, FIXML, FpML
as well as internal and proprietary formats. Visit our web site
(www.tracegroup.com/financial), or contact us (Nick Tonge +44 (0)207
8251163) to find out more.
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