Message Automation, a leading provider of connectivity solutions for OTC derivatives, announces today that futureLANDSCAPE has been certified by Eurex for the submission of rates OTC products for clearing. Message Automation customers can now clear OTC rates trades at Eurex using futureLANDSCAPE.
futureLANDSCAPE provides a harmonised message and workflow solution for multiple external affirmation and clearing platforms allowing customers to rapidly on board new connections as required. The solution supports a growing list of platforms across multiple asset classes.
Hugh Daly, ceo, Message Automation said “Our aim is to be the first vendor to market with new clearing and affirmation services. We have worked closely with Eurex to achieve first to market and are delighted that our customers can now connect to this important new service.
In addition to OTC clearing and affirmation (both client and house), we are also seeing growing acceptance of our value proposition in a number of connectivity scenarios. Other requirements created as the industry evolves include real time trade submission to regulatory repositories, clearing house T+1 reporting and reconciliation, and collateral messaging. In each business scenario futureLANDSCAPE becomes a single abstraction layer to link multiple internal and external systems”
Message Automation confirms it has already signed a pilot customer, a global top ten bank, for the Eurex OTC Clearing connector.
