TradeHeader offers high quality analysis and consulting services specifically designed to enable and support firms’ adoption of diverse standards across their operation.
Open message standards have delivered a range of benefits to users in recent years, including enhanced interoperability, improved efficiency and increased transparency, across a number of areas: trading activity, via the Financial Information eXchange (FIX) Protocol; the OTC derivatives space, via the Financial products Markup Language (FpML) standard; and securities settlement and payments, via ISO 15022 and now ISO 20022.
However, the proliferation of new regulations has seen an expansion in the use of a number of different standards across sectors and markets, often with a level of customisation overlaid on them by individual institutions and vendors. This diversity of standardised message formats has left institutions and systems struggling to share business-critical trading and post-trade information cleanly and clearly with one another.
In addition to fostering a fragmented operating environment, this plurality of formats and standards also gives rise to maintenance challenges and costs as institutions strive to accommodate new versions of individual message types.
At TradeHeader, our deep knowledge of current message standards and their use and, our experience in global financial markets inform our dynamic and tailored approach to adding value for our clients through a suite of services: