DTCC, Swift Partner on Alternative Messaging

By Chris Kentouris, Securities Industry News

July 21, 2008

The Depository Trust & Clearing Corp. (DTCC) and the Society for Worldwide Interbank Financial Telecommunication (Swift) are working together to introduce 12 interoperable XML-based message formats to the alternative investment community. The initiative is designed to allow market participants to connect to DTCC's Alternative Investment Products (AIP) platform, slated to begin testing in the third quarter, via the Swift network using International Organization for Standardization (ISO) 20022-compliant XML messages. Firms will also be able to use proprietary formats through DTCC's Smart network.

The full article is available to Money Management Executive subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.

	SUBSCRIBE NOW! $1,400 for 1 Year(48 issues in all) and Save 10%
	Free Trial Sign up for Money Management Executive's 3-Week Free Trial