Introducing the Volante v-Derivatives programme and OTC-Connect, the multi-asset message connectivity and data communication interface
LONDON – 28th February, 2013 – Volante Technologies, a global leader in the provision of innovative financial data integration, today announced the development of their v-Derivatives programme and OTC-Connect, a new multi-asset message integration product.
Volante’s ‘v’ programme invests in the development of business process logic to augment its core competency of message management and standards. Business process logic is being developed via partnerships with clients and go-to market partners across the market vendor ecosystem.
OTC-Connect is a software product which is designed to help customers insulate themselves from the on-going evolution in market structure and address the challenge of adapting to new changes in business processes driven by regulation such as Dodd Frank and EMIR. OTC-Connect enables cross-asset class connectivity and communication of data between popular back office systems such as Murex and the external counterparty world. Reducing costs and the operational risks associated with regulatory change and enhancing customers’ ability to adapt to market evolution, OTC-Connect offers an easy-to-implement, highly flexible approach to handling financial messages.
In response to meeting early industry demand, Volante is collaborating with regional and industry partners within their ‘v’ programme to build business specific new extensions to its proven suite of message management capabilities available as off-the-shelf plug-ins. These collaborations give both reach to customer service and depth in domain capability. New extensions are designed to enable customers to adapt their workflow and respond to the ever-evolving OTC (Over-the-Counter) derivatives landscape and anticipated Dodd Frank-driven market structure changes affecting SEFs, (Swap Execution Facilities); CCPs (Central Clearing Parties); SDRs (Swap Data Repositories) and central parties for affirmation, confirmation and settlement.
Volante’s core technology (Volante Designer) handles transformation between message formats and includes a pre-built capability for all common published formats. Volante Designer offers a fast and highly cost-effective approach to ensuring compatibility across a range of messaging standards and protocols ranging from FIX, FpML to SWIFT and other pre-built interfaces, plus integration with the most widely used bus technologies across the industry.
Volante teams with experts in all asset classes to develop workflow and business process modules in order to provide integration libraries to support trading and settlement across financial markets. Volante’s technology in combination with the skills and resources of the current vendor ecosystem represents a powerful solution route for today’s dynamically shifting market structure.
As messaging becomes an integral part to enabling market information and data flows, effective solutions are required that reduce operational risk, improve time to market, ensure firms’ are compliant, and help achieve cost reduction to increase STP (Straight-Through-Processing) rates across new market practices. The Volante proposition with its widely acknowledged productivity gains and automation capabilities, addresses all these drivers. Coupled with the integration and business function skills of selected specialists, we anticipate that OTC-Connect and our ‘v’ programme will be timely and valuable contributions to the solution mix available to the market.