Sibos, Singapore 20 October 2003 - Financial Tradeware Plc, provider of STP Portfolio Management and Brokerage software for Investment Managers and Hedge Funds, today announced the launch its SWIFT POWER(tm) application at Sibos 2003.
This application offers a complete SWIFT solution for either Straight Through Processing or manual input of messages. It has been designed for small to medium sized Investment Managers, Hedge Funds and IFAs who have previously been unable to connect to the SWIFT network. The solution is easy to use and reduces the need for users to gain vast amounts of SWIFT knowledge - a factor that, in the past, has dissuaded these types of organizations from joining SWIFT. Any database can be integrated into the SWIFT POWER(tm) Suite, with the SWIFT POWER(tm) TreeView allowing messages to be viewed, edited or manually created.
The SWIFT POWER(tm) application fully validates each message taking into account not only SWIFT network rules, but also SWIFT's usage rules to ensure STP of the message. Upon receipt of a message, as well as writing to the database, SWIFT POWER(tm) outputs the message in an XML format providing SWIFT terminology, and descriptions of that terminology, simplifying the interpretation of the message. The application, which can either be used as a stand-alone product or integrated with the company's full portfolio management solution, UltraSuite(tm), also provides additional administrative tools allowing configurability of users and complete control over sent, received, and pending messages. The system maximises security and allows real-time authorization through the use of fingerprint scanners.
Alberto Fontana, Managing Director for Financial Tradeware comments: "We are extremely pleased to launch our SWIFTPower application here at Sibos amongst the SWIFT user community and we look forward to making further announcements regarding our UltraSuite solution during the event."