Rule Financial, a London-based consultancy with a franchise in securities financing, says it has developed an ‘accelerator’ library and a software utility, Security Finance Objects (SFO). SFO, developed in partnership with and installed in “one of Europe’s leading investment banks” aims to enable firms to complete IT projects more quickly. Rule works with clients on installations of all three of the main securities finance applications: Sungard’s GlobalOne, Anvil Software’s ARTS product, and Sungard’s recently acquired Martini, a real-time global trading platform for repo, bond and equity financing.
SFO is a Java-based, XML messaging system that aims to streamline the entire securities finance trade lifecycle, from order management and trade execution to back office clearing and settlement. Rule claims that SFO integrates quickly and efficiently with the industry’s leading securities finance applications and can be hosted in a variety of industry environments, including J2EE, MQ Series and OpenAdaptor, an OpenSource messaging framework that is increasingly popular with leading investment banks.
“With more than seven years’ experience in the sector, we have developed a deep understanding of the intricacies of trade capture and processing within this rapidly developing business area,” says David Little, Head of Securities Finance, Rule Financial. “The introduction of SFO will enable us to help clients integrate their securities finance systems using modern messaging technologies, reducing project implementation by up to six months. SFO is a mature trade and settlements feed that can be used to connect ECNs to trading systems, and trading systems to settlement systems, using a common data model.”
Founded in 1997, Rule Financial’s clients include ABN Amro, Barclays Capital, Deutsche Bank, JPMorgan Chase and Royal Bank of Scotland.