Trace Financial cements relationship with Reuters by incorporating the ISO 15022 Corporate Actions Data Feed into its CAMS Corporate Actions Management System
Tuesday 14th November 2006
Trace Financial Limited (part of Trace Group plc) today announced
that its market leading Corporate Actions Management Systems solutions
CAMS and CAMS
Connect, have successfully tested and taken in Reuters Datascope
for corporate actions data feed.
CAMS and sister product
CAMS Connect provide
a secure, reliable, fully audited, exception-based processing environment
for corporate event processing. Using workflow technology, all aspects
of the corporate action lifecycle are covered. CAMS Connect concentrates
on event data capture, rationalisation and reconciliation aspects,
whilst full CAMS extends this functionality into the complete event
life-cycle, including decision capture, deadline monitoring and
custodian instruction for elective events.
Caroline O'Shaughnessy, Head of Third Party Alliances for Reuters
DataScope, said: "Reuters continued commitment to deliver
Swift ISO15022 Standard message formats to the Corporate Actions
market is demonstrated by the alliance with Trace Financial. The
CAMS application now offers an automated, highly configurable solution
to deliver Reuters DataScope global data content with the objective
of simplifying process workflow and reducing operational Risk for
our clients."
Nick Tonge, Director, Sales and Marketing at Trace Financial
commented, "We are continuing to invest heavily in CAMS to
maintain the strength of our position in the market place. However,
this latest initiative required no additional development, which
validates the robust architecture designed to support all in and
outbound communications using ISO15022 and other messaging protocols".
He further added, "We are very excited to launch our relationship
with Reuters and build on our respective strengths and provide significant
long-term business opportunities for both companies".
Linda Letch, Director, Business Consultancy at Trace Financial
explained, "Taking Reuters ISO15022 feed into CAMS utilised
our generic import and transformation mechanisms. This inherently
makes sense of the complexities of ISO15022. Users of CAMS are insulated
from the multitude of variations and inconsistencies that can be
found in these complex message structures. Adding new data sources
simply becomes plug-and-play".
John Murphy, Managing Director at Trace Financial concluded,
"Trace Financial has once again demonstrated relevant expertise
with a track record in this whole area. We are proud of the fact
that we can readily demonstrate highly satisfied live reference
sites, which clearly differentiates our offering from other suppliers".
Editors Notes
About Reuters
Reuters is the world's largest international news and financial
information source, reaching over 1 billion people a day. Known
for its speed, accuracy and independence, Reuters content powers
newsrooms and financial markets around the world. Reuters distributes
its text, data, pictures and video to professionals and direct to
consumers via online and digital services. Founded in 1851, Reuters
Group has 16,800 employees in 89 countries and had annual revenues
of £2.4 billion/$4.4 billion in 2005. For more information
and the latest news, visit www.reuters.com
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