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Product Discussion
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SWIFTNet FIX messaging service
Una McNamara / SWIFT
14 Dec 2001 10:37AM ETSWIFT to provide FIX hub messaging solution
Brussels, December 12 2001 - SWIFT today announced that it will offer a FIX hub messaging solution, powered by Financial Fusion. The SWIFTNet FIX hub solution will enable broker/dealers, investment managers, exchanges and ECNs to connect to a single, secure trading session with multiple counterparties. In addition, SWIFT will also support FIX point-to-point messaging via SWIFTNet.
The benefits to firms adopting the SWIFTNet FIX hub solution include single-session management, faster connectivity to pre-established trading partners, lower networking costs and easier access to counterparties worldwide. The hub will route, monitor and manage FIX message traffic, to the high degree of security and reliability required to relay live trade information.
For more information, please contact SWIFT's FIX product managers, Richard Young (richard.young@swift.com; telephone +44 20 7762 2029) or Sam Romilly (sam.romilly@swift.com; tel: +32 2 655 3582).
About SWIFT
SWIFT is the industry-owned co operative supplying secure messaging services and interface software to 7000 financial institutions in 194 countries. SWIFT messaging services are used by banks, broker/dealers, investment managers, as well as exchanges, ICSDs/CSDs and other securities infrastructures.
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