Reuters has become the first vendor to be awarded the SWIFTReady Gold Accord Integration for 2007 – the new label for integration with SWIFTNet Accord, the real-time confirmation matching and exception handling application supplied by the Brussels-based messaging utility to the foreign exchange, money markets and OTC derivatives markets.
To secure the accreditation, Reuters had to adhere to a stringent set of criteria which support SWIFT messaging, connectivity and functionality. Reuters’ Kondor back office system implemented a standard interface to SWIFTNet Accord when it was first made available on the SWIFTNet infrastructure – enabling all users to access its central matching system in real time.
The Reuters Kondor interface enables confirmation matching results for various instruments to be fed into back office treasury systems which in turn acts as a trigger for other processes such as release of payments.
“The SWIFTReady Gold Label is an important certification which further endorses the rich functionality of Reuters back office system and is evidence of our ongoing commitment to developing fully scalable products,” says Andrew White, Global Head of Trade and Risk Management at Reuters. “Reuters strives to achieve the best possible results for the industry, and welcomes the opportunity to work with organisations such as SWIFT.”