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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.

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