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Thunderhead announces its XML Adapter for DTCC Deriv/SERV trade matching: the key to real-time OTC derivatives trade matching; Thunderhead's XML Adapter for DTCC Deriv/SERV delivers system-generated FpML with in-built validation - reducing both cost and risk for the industry.

Publication: M2 Presswire
Publication Date: 30-JUN-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2005-Thunderhead: Thunderhead announces its XML Adapter for DTCC Deriv/SERV trade matching: the key to real-time OTC derivatives trade matching; Thunderhead's XML Adapter for DTCC Deriv/SERV delivers system-generated FpML with in-built validation - reducing both cost and risk for the industry(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:29062005

Thunderhead, the provider of highly usable, multi-channel document generation technology, today announced the launch of its XML transformation tool for OTC derivatives contracts which enables the creation of Financial Products Mark-up Language (FpML) trade confirmation messages that are compatible with The Depository Trust & Clearing Corporation's (DTCC) format for real-time trade matching.

Thunderhead has utilised its XML Adapter for DTCC Deriv/SERV to generate XML messages, which have been tested and verified with DTCC Deriv/SERV's electronic matching and confirmation services.

"This tool puts business users in control of generating industry-standard documentation in DTCC-ready templates and day-to-day post trade processing," commented Martin Davey, CTO of Thunderhead.

The Thunderhead XML Adapter for DTCC...

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