London, August 21 2012 – Volante Technologies, provider of integration technology for business information agility, today announced an agreement with LCH.Clearnet Limited. Volante software will be used for the integration of standard message formats used in the clearing of OTC asset classes.

Tom Zschach, Group CIO at LCH.Clearnet said, “We are very pleased to have signed this agreement with Volante Technologies. As financial messaging standards change consistently, it is essential we maintain agility and thoughtleadership throughout the Industry. It is therefore vital that we are provided with solutions that ensure data quality, improve operational efficiencies and prepare for future developments.”

Volante Technologies provides integration solutions that cut development time and costs. Volante’s quick response to changing data and messaging standards enables its user to gain competitive advantage through faster time to market. Volante software expedites development of service-oriented architectures, market data consolidation, complex event processing, standards-based message integration and other complex data initiatives.

Volante solutions directly address the integration challenges created by centralized market functions, such as swap execution facilities (SEFs), central counterparty clearinghouses (CCPs), and swap derivatives repositories (SDRs). These challenges include not only the rise in messaging volume among counterparties, but also the complications associated with the absence of universal adoption of standards like FIX and FpML and the continued use of proprietary syntaxes. Volante offers the specific development tools needed to address these issues – such as extensive message format libraries, translation software and dashboards to illustrate communication flow – and to improve STP efficiencies, reduce trade failure rates and control risk from cross-market operations.

Vijay Oddiraju, CEO, Volante Technologies, said, “We are delighted to deepen our relationship with LCH.Clearnet with this new agreement, Our focus on business processes allows us to respond rapidly to the market’s connectivity demands. Today, when the stresses of new regulation and emerging industry standards are higher than ever, Volante is committed to helping our customers address these challenges.”