Euroclear signs up BT to provide secure messaging

Euroclear, which provides settlement services for bond and equity transactions, has selected BT to provide secure messaging services to handle communications with its clients.

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Euroclear, which provides settlement services for bond and equity transactions, has selected BT to provide secure messaging services to handle communications with its clients.

The two-way messaging service will run through a new common communication interface (CCI), which will act as a single interface for clients to access services provided by all Euroclear’s businesses. The new interface will consolidate five existing platforms into one, in a move that is expected to reduce settlement costs.

BT’s service will deploy managed gateways operating over its shared market infrastructure for open, standards-based, authenticated messaging. The contractor will offer connectivity via the internet.

Wim Claeys, managing director at Euroclear, said: “Clients migrating to the CCI using BT’s global messaging solutions will benefit from industry messaging standards, strong end-to-end security and high levels of client service, enabling them to achieve significant back-office savings.”

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