Markit launches new open messaging network
Oct 09, 2013 (MarketLine via COMTEX) --
Markit, a financial information services company, has announced the launch of an open messaging network that will enable people in the financial services industry to communicate and share information.
To date, communication between market participants has been hampered by the lack of system interoperability. The new network removes barriers to industry communication by allowing messaging platforms, critical to price discovery and pre and post trade operations, to connect to each other.
Markit Collaboration Services allows users to see availability, send instant messages, use video and chat rooms, and exchange documents across disparate messaging platforms. Federating messaging platforms makes it cost effective for institutions to offer the benefits of a cross-industry collaboration network to employees throughout their enterprise. The federation service is powered by NextPlane, the market leader in cloud-based unified communications (UC) federation services for collaborative business communities.
The new network also provides the first open directory for the financial services industry, enabling people to find, communicate and collaborate with one another. The messaging and directory services can be embedded in third party applications, workflows and other networks, extending the functionality of trading, processing, research and other applications.
Thomson Reuters is a founding member of the network and will federate its instant messaging tool, Thomson Reuters Eikon Messenger, with the network. Thomson Reuters Eikon Messenger was built using open-based standards to offer a secure, federated messaging system that facilitates collaboration across the financial markets.It already connects to other messaging platforms such as AOL and Yahoo!.
Lance Uggla, CEO of Markit, said: "We're excited to launch this new collaboration network which is the first of its kind. Our aim is to help financial market participants become more efficient in the way they communicate and share information. By offering them an interoperable collaboration system, we will change how financial markets operate. Having Thomson Reuters and many of the industry's major players as part of the network underlines the value of our proposition."
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