ICAP also use Meridianâs 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"