The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Volante Extends Messaging Support in FX Data and Settlements

Volante Technologies today announced its expansion in the foreign exchange messaging world with the availability of high-speed integration technology for price data from the Currenex ESP, as well as an integration model for the CLS settlement environment.

Originally developed to integrate Currenex Executable Streaming Price (ESP) data into the low-latency data management architecture of a major Wall Street bank, this new Volante Designer Plug-in for Currenex supports the FIX 4.2 protocol native to the Currenex gateway. Beyond enabling simplified integration of the Currenex feed, it also incorporates inbuilt latency measurement.

The CLS integration model, designed for a major corporate treasury, provides a solution for linking trading and accounting systems to the global currency settlement system of CLS Bank. Comprised of integration modules, including full support and validation routines for SWIFT messages for treasury markets, as well as frameworks for transaction tracking, repair and oversight, the model provides a rapid and cost-effective route to implementing CLS-based settlement, no matter how complex the background systems environment.

“We are pleased to extend Volante’s well-known benefits to firms trading in currencies,” said Vijay Oddiraju, CEO of Volante. “They need data linkages that offer low latency with extreme resiliency to data spikes, and rapid adaptability to changes in incoming data. This is what Volante brings to the table.”

Volante technology is designed to expedite the development and implementation of state-of-the-art messaging solutions. Volante offers pre-built domain awareness of a broad spectrum of financial messaging types, including SWIFT, BAI2, SEPA, FpML, FIX, CMS, market data feeds, and various generic and proprietary formats. Volante is infrastructure agnostic, enabling solutions to be seamlessly integrated into applications and networks, communication gateways and middleware, such as J2EE application servers, service oriented architectures (SOA) or existing applications.

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

FundGuard Plans Product Development to Drive Transparency in Fund Administration

New York-based FundGuard, a pioneer of AI in investment management and asset services, has completed a $12 million Series A funding round. The company will use the funding for product development to meet increased regulatory demands for transparency and resilience in the fund administration segment. The company works with several of the world’s largest fund...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...