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Moytex Financial Software Solutions will
enhance its trade confirmation and reporting system for credit default swaps, TCR, to include a messaging layer that will provide
external communication capability including the use of FIX formatted messages and real-time information. The upgrade, which is under development, is motivated by anticipation of changes in the industry such as new regulation or market practice procedures that may
require a firm to report transactions to the Financial Services Authority and the Securities
and Exchange Commission, said Tom
Egan , head of U.K. operations. The upgraded version of TCR will ensure the user can easily adapt to future industry developments while maintaining full automation of
functions. The TCR product provides trade capture, confirmation processing, full workflow management capabilities and reporting functions. The solution is fully integrated with Reuters and Bloomberg systems. Egan declined to disclose the cost for development or specify the exact launch date. |