TWIST is a not-for-profit industry group delivering non-proprietary integration standards to facilitate an efficient, controlled and open dealing marketplace for financial instruments. TWIST aims to allow organisations to implement effective and controlled straight through processing with single points of data entry, throughout their internal and external trade life cycles.
"We are very pleased that Eurobase has joined the TWIST standards initiative and has already started to offer TWIST enabled interfaces to its customers as part of its service offerings," said Tom Buschman, co-ordinator of the TWIST initiative. "This will increase the ability of the marketplace to benefit from effective straight through processing with plug-and-play interface solutions."
David Mallinder, head of business development and strategy at Eurobase Banking Solutions, comments, "Eurobase is committed to propagating XML throughout its product set which includes Siena, our real-time treasury management system. Siena processes all main treasury products, importing and exporting associated trade data from/to other systems. Where possible, we will be converting our existing XML format to TWIST format to provide fully integrated real-time solutions to our customers at reasonable cost."