Syntegra announced today that SettleNET, its Internet Protocol (IP) network service for CREST connectivity, can secured accreditation to carry ISO 15022 standard messages.
CREST is offering ISO 15022 messaging to complement its proprietary DEX messaging, with a view to ultimately replacing it.
SettleNET has over 140 users, including UK and Irish registrars, brokers, custodians and investment banks. Syntegra’s new capability will enable them to deploy ISO 15022 messaging for UK settlement activities.
Neil Morris, SettleNET general manager at Syntegra states: “We have always been recognised for our technical excellence and exceptional client services. By making this investment to provide our customers with the option of using ISO 15022 messages, we are reinforcing our commitment to the market.”
Syntegra says it is currently in discussions with a number of clients about deploying ISO 15022 messages over SettleNET.