ICAP has gone live with Misys Securities Trading Systems ISO15022 solution. This handles the sending and receiving of ISO15022 standard Swift instructions in Pan-European, Asian, North American and Emerging Markets. Other markets are supported by the solution and will be switched on in the future. The messages flow through the Misys’ Meridian middleware into the Misys Market Settlement system that is also installed at ICAP.

ICAP also use Meridian’s Integration toolkit, which means that they can add more interfaces in the future independently of Misys.

In addition to the ISO15022 project, ICAP has migrated their Gilt business onto Market Settlement, where instructions are sent to Crest on a real time basis leading to immediate instruction to the market and reporting. Messages from Crest are also processed through Market Settlement.

Lance Fisher, from ICAP said that "the Gilt migration completes our strategic product move to Market Settlement, a project that has been in progress since we purchased the system in June 2000. The introduction of Meridian enabled us to achieve ISO15022 within a very fast timescale and will also future proof us for further interfaces if required"

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