iHedge delivers a wide range of business adapters for your convenience. Our adapters enables you to integrate to and from any of the systems below, faster and more efficient by hiding the complexity in communication, transaction handling, scalability, error handling and formatting involved.
By using any of the iHedge business adapters you will also benefit from our built-in message browser, which allows you to quickly and easily find and view any transactions which has been or are being handled by the business adapter.
The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a worldwide financial messaging network which exchanges messages between banks and other financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362 bank identifier codes (BICs) are popularly known as "SWIFT codes". The majority of international interbank messages use the SWIFT network.
As of September 2010, SWIFT linked more than 9,000 financial institutions in 209 countries and territories, who were exchanging an average of over 15 million messages per day. SWIFT transports financial messages in a highly secure way, but does not hold accounts for its members and does not perform any form of clearing or settlement. SWIFT does not facilitate funds transfer, rather, it sends payment orders, which must be settled via correspondent accounts that the institutions have with each other. Each financial institution, to exchange banking transactions, must have a banking relationship by either being a bank or affiliating itself with one (or more) so as to enjoy those particular business features.
SWIFT is a cooperative society under Belgian law and it is owned by its member financial institutions. SWIFT has offices around the world. SWIFT headquarters are located in La Hulpe, Belgium, near Brussels. An average of 2.4 million messages, with aggregate value of $2 trillion, was processed by SWIFT per day in 1995. iHedge converts trades from a wide range of trading systems to SWIFT format. A number of different SWIFT types are supported.
These are often referred to as MT types. Whether the trade is in XML, JSON or CSV format, the iHedge SWIFT adapter is able to transform the trade to the corresponding SWIFT format within a few milliseconds. The SWIFT adapter is fully scalable and able to run in grid technology and on multiple servers at the same time. Using XSLT and XPATH for transformation purposes makes the iHedge SWIFT adapter the ideal way to generate your SWIFT messages. By choosing the iHedge SWIFT adapter you will automatically benefit from new SWIFT types being added regularly. Adding support for a new SWIFT type is easy and straightforward, and as all our customers benefit from new SWIFT types, new SWIFT types can be built with a very low cost.
FpML (Financial products Markup Language) is an XML message standard for the OTC Derivatives industry. All categories of privately negotiated derivatives will eventually be included within the standard. The standard is managed by ISDA on behalf of a community of investment banks that make a market in OTC derivatives. The FpML standard was first published by JP Morgan and PricewaterhouseCoopers on 9 June 1999 in a paper titled "Introducing FpML: A New Standard for E-commerce". As a result, the FpML standards committee was founded. As of October 2009 FpML 4.7 is the latest [Recommendation] version. The core scope includes the products of Foreign Exchange (FX) Swaps and Options, Interest Rate Swaps, Inflation Swaps, Asset Swaps, Swaptions, Credit Default Swaps, Credit Default Swap Indices, Credit Default Swap Baskets, Tranches on Credit Default Swap Indices, Equity Options, Equity Swaps, Total Return Swaps, and many others. The core processes include trading, valuation, confirmation, novations, increases, amendments, terminations, allocations, position reporting, cash flow matching, a formal definition of party roles, as well as trade notification between asset managers and custodians. The FpML community is currently working on versions 4.8 and 5.0. FpML is distinct from similar financial standards such as SWIFT and FIX in scope because it provides no network or specification of a transport mechanism. The iHedge FpML adapter is able to convert a number of trade formats to FpML. The iHedge FpML adapter enables you to implement STP in your business in a fast and convenient way. By using XSLT and XPATH the conversion process is optimized to handle a large number of trades in very little time. A fully scalable setup also supporting grid technology ensures your ability to scale your business accordingly and execute in time to market.
The Financial Information eXchange (FIX) protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets. With trillions of dollars traded annually on the NASDAQ alone, financial service entities are investing heavily in optimizing electronic trading and employing Direct Market Access (DMA) to increase their speed to financial markets. Managing the delivery of trading applications and keeping latency low increasingly requires an understanding of the FIX protocol. The FIX Protocol specification was originally authored in 1992 by Chris Morstatt and Robert "Bob" Lamoureux to enable electronic communication of equity trading data between Fidelity Investments and Salomon Brothers. FIX has become the de facto messaging standard for pre-trade and trade communication in the global equity markets, and is expanding into the post-trade space to support Straight Through Processing, as well as continuing to expand into foreign exchange, fixed income and derivatives markets. The iHedge FIX adapter is able to convert a number of trading system formats to FIX format. Also the iHedge FIX adapter enables communication between trading parties, no matter if you are using a leased line, a point to point VPN or a hub and spoke solution.
The FAST protocol (FIX Adapted for Streaming) is a technology standard developed by FIX Protocol Ltd., specifically aimed at optimizing data representation on the network. It is used to support high-throughput, low latency data communications between financial institutions. In particular, it is a technology standard that offers significant compression capabilities for the transport of high-volume market data feeds and ultra low latency applications. The iHedge FAST adapter offers the same possibilities as the iHedge FIX adapter. Although very alike the iHedge FAST adapter is optimized for speed and bandwidth. The iHedge FAST adapter offers blazing speed and access to a wide range of leading exchanges.
FSON is the compacted version of FpML. Describing trades for the OTC Derivatives industry. Speed and bandwidth reduction are the key points of FSON. Being based on the very popular JSON, FSON is much more compact and bandwidth efficient than the XML equivalent FpML.
Calypso Technology offers financial institutions and corporate treasuries an integrated trading, risk and processing platform for derivatives and treasury product which provides the most solid foundation for future business growth. The iHedge Calypso adapter is able to transform Calypso trades into either FIX, FAST, FpML, FSON or SWIFT.
Infinity can help you achieve a process-centric organization by combining:
- A repository for a broad range of software components, including those of SunGard, its partner network and customers
- A portal that offers a centralized resource for educational materials, billing, subscription, and licensing services as part of overall account management
- An infrastructure with a framework to compose, test, and host solutions that leverages grid computing and virtualization technology
- A service-level-agreement-based 24/7 call center and utility stack for integration services
More than 150 institutions rely today on Murex. Among them, global sell-side leaders in credit, interest rate, FX, equity, energy and commodity trading consistently choose Murex following rigorous selection processes. The most prestigious and demanding hedge funds base their sophisticated investment strategies on the Murex portfolio management framework. Other organizations such as corporations, utilities, oil groups and trading groups also rely on cutting edge solutions as part of their trading and/or hedging activities. The iHedge Murex adapter is able to transform Murex commodity trades into either FpML, FSON or SWIFT.
Wallstreet FX Sales & Trading Solutions are used by some of the world’s most successful FX businesses. They incorporate robust and compelling web based tools, applications to support the sales desk with pricing and CRM, plus trading and risk management tools to optimize trading performance and efficiency. The iHedge WSS adapter is able to transform WSS FX trades into either FIX, FAST, FpML, FSON or SWIFT.
In 1981 Bloomberg started out with one core belief: that bringing transparency to capital markets through access to information could increase capital flows, produce economic growth and jobs, and significantly reduce the cost of doing business. Today’s Bloomberg builds on that foundation - everything they do connects decision makers in business, finance and government to a broad and dynamic network of information, news, people and ideas that enables faster, more effective decisions. The iHedge Bloomberg adapter transforms FX products, Commodities, Equities, Derivatives and Fixed Income trades into either FIX, FAST, FpML, FSON or SWIFT.
RET (Reuters Electronic Trading)
Reuters Electronic Trading is a comprehensive Foreign Exchange and Money Markets trading solution for financial institutions around the world. It can be deployed internally or as a hosted service and includes a powerful multi-asset class trading engine. This offers you the right platform on which for building a complete electronic sales channel to meet your particular requirements. The iHedge RET adapter is able to transform RET trades into either FIX, FAST, FpML, FSON or SWIFT.
Rolfe & Nolan
For exchange-traded derivatives, ION provides a product line, Rolfe & Nolan, which offers solutions throughout the trade lifecycle. Over thirty years of experience has been harnessed into producing a powerful suite of products making the Rolfe & Nolan product line one of the world’s leading specialist solutions. The iHedge Rolfe & Nolan adapter is able to transform Rolfe & Nolan trades into either FIX, FAST, FpML, FSON or SWIFT.
SunGard’s Martini provides integrated global trading and operations support for financial institutions worldwide. With a scalable, adjustable interface, Martini adapts to the needs of investment banks, broker-dealers and hedge funds with ease. A global, real-time platform for an institution’s bond- and equity-financing needs. The iHedge Martini adapter is able to transform Martini trades into either FIX, FAST, FpML, FSON or SWIFT.
SunGard’s Front Arena delivers the performance, control and flexibility you need to compete more aggressively in today’s volatile and fast-changing markets. Accurate pricing, hedging and quoting, support for virtually any instrument and a scalable, user-friendly interface make Front Arena one of the top programs for financial institutions worldwide. It covers all traded products, liquid and illiquid, OTC and exchange-traded, standardized and structured. True straight-through processing and intelligent workflows helps give your firm greater control over the entire trade process. The iHedge Front Arena adapter is able to transform Front Arena trades into either FIX, FAST, FpML, FSON or SWIFT.