As a part of the agreement, Electra will distribute Alliance Lite to its investment management customer base through integration with Electraâs ACTioN application. Given the Internet-based capability of Alliance Lite, messages may be manually entered via any Web Browser, or input automatically and electronically through Electraâs ACTioN trade messaging platform.
âThe launch of Alliance Lite from SWIFT is an important development, and we welcome it. Alliance Lite makes it possible for any investment manager to join SWIFT and to communicate electronically to financial organizations everywhere, and at low cost. Connecting to SWIFT is easier than ever before, and Electra applications now fully integrate SWIFT without the need for third party interfaces or service bureau providers.â said Ian Danic, Managing Director for Electra.
Commenting on the alliance, Philippe Lecomte, Partner Manager, SWIFT Americas said, "SWIFT is delighted to have Electra as our first Alliance Lite Partner in the Americas. Electra has successfully integrated SWIFT communications into investment management operations for many years and we look forward to extending SWIFTâs reach to Electraâs many clients.â