Javelin and Candle to Unveil Industry’s First FIX-to-Swift Interface at SIBOS
THE FIX FILES
SAN FRANCISCO--Javelin Technologies and Candle Corp. plan to introduce the securities industry’s first FIX-to-Swift interface at the annual SIBOS conference next week in San Francisco.
The interface, developed jointly by Javelin and Candle, will further facilitate straight through processing (STP) as the industry continues its push toward T+1. "What Candle is doing is taking the pre-trade settlement information in FIX and combining it with Swift, therefore aiming for STP," says George Kledaras
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