Formicary, a specialist integration company for the financial services industry, today announces the launch of Formicary Connect (formerly EPiX Financial) to simplify how financial institutions integrate leading trading platforms, including Murex, Summit FT and Calypso™ with other aspects of the business . Comprising a suite of standardised software components, Formicary Connect quickly and cost effectively connects highly complex systems to ensure a smooth exchange of business critical trade and data across the organisation.
Formicary Connect was developed in response to the needs of financial institutions to improve information flow and knowledge sharing across the business. It eliminates the complexity associated with integrating large disjointed systems, such as those commonly used by banks or investment houses, leaving the organisation with more time and resource to focus on actually running the business.
Formicary’s out-of-the box connectors effectively separate the business layer from the technical architecture, relegating lower-level connectivity issues to the background. The focus lies on ensuring a bilateral data flow of cross-asset trades and data between multiple trading environments. The use of these dedicated connectors dramatically speeds up and simplifies migration tasks and saves on ongoing maintenance. Connectors can be deployed as stand-alone modules or assembled in packages serving multiple interfaces.
Joseph Do, managing director, Formicary, comments, “Financial institutions are under greater pressure than ever before to operate efficiently and effectively. They shouldn’t be wasting valuable time and resources trying to understand the complex plumbing required to integrate the various IT systems in place. Instead, they need to remain focused on what they do best – namely operating a profitable and successful business. As such, we developed Formicary Connect to remove the integration headache and create a cohesive, efficient working environment.”
Formicary’s supported bilateral connectors include Murex, Summit, Calypso and unilateral connectors include DTCC, Markit Wire™(formerly Swapswire), Fidessa, SunGard Martini, Bloomberg and Thomson Reuters™.
