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Riskart and IB Boost team up on integration
01 April 2011
Riskart, a derivatives consultancy based in Italy, has announced a strategic partnership with London-based consultancy IB Boost, which specialises in integrating systems. The aim is to provide innovative and cost-efficient solutions for integrating systems across the front, middle and back offices.
The deal would allow Riskart to offer its clients a standard integration framework toolkit, based on service-oriented architecture, removing some difficulties in integrating OTC derivatives functionality. The firm argues that this ensures a much faster time-to-market on project delivery.
The framework automatically manages the normalisation of data, guaranteeing compatibility with many message types such as MQ series, FpML, XML and JMS. OTC trades are managed by enriching, aggregating and splitting trades on the basis of user-defined rules, identifying possible messages with missing data, queuing errors and passing only effectively completed trades from the front to the middle and back offices.