Imported from previous forum
Dear Experts,
- Is there any product to support a transformation of SWIFT messages to FIX ones (and vice versa)?
- How complicate could be such a procedure?
Regards,
Serguei.
[ original email was from Shalom Reich - shalom.reich@gs.com ]
When I worked at NEON we did some analysis on such a product. We did NOT think we could write a generalized product (for all security types and all countries) within a short (3-6 month) timeframe using the NEON message transformation software. I don’t know of any product that actually does this.
1 - There are many code sets in both protocols and they are different in each protocol so you need a translation mechanism.
2 - The range of fields used depends most often on the product (although sometimes on the country/market).
3 - Finally, SWIFT is primarily geared to the post-trade environment while FIX ranges from pre-trade through allocation. The greatest overlap between these two protocols occurs in the trade reporting and allocation phases.
My personal opinion is as follows:
- I assume you already have a trade settlement engine that understands the settlement life-cycle. (What the TFM was supposed to do.)
- If it already takes one of these protocols as input (probably SWIFT) you could extend the part that formats and sends messages (and receives and parses messages) to deal with FIX messages instead. This message handler would replace the "normal" SWIFT message handler in sending/receiving information from the settlement engine.
Shalom Reich
> Dear Experts,
> 1) Is there any product to support a transformation of SWIFT messages to FIX ones (and vice versa)?
> 2) How complicate could be such a procedure?
> Regards,
> Serguei.
>
[ original email was from Scott Decker - thedeckers@comcast.net ]
I have recently heard of a messaging translator/hub that is commercially available that is used for this type of purpose and "transforms" XML to FIX, and Fix to many other protocols/languages…look to the Product Discussion site for this type of information.
Scott Decker
> When I worked at NEON we did some analysis on such a product. We did NOT think we could write a generalized product (for all security types and all countries) within a short (3-6 month) timeframe using the NEON message transformation software. I don’t know of any product that actually does this.
>
> 1 - There are many code sets in both protocols and they are different in each protocol so you need a translation mechanism.
> 2 - The range of fields used depends most often on the product (although sometimes on the country/market).
> 3 - Finally, SWIFT is primarily geared to the post-trade environment while FIX ranges from pre-trade through allocation. The greatest overlap between these two protocols occurs in the trade reporting and allocation phases.
>
> My personal opinion is as follows:
> - I assume you already have a trade settlement engine that understands the settlement life-cycle. (What the TFM was supposed to do.)
> - If it already takes one of these protocols as input (probably SWIFT) you could extend the part that formats and sends messages (and receives and parses messages) to deal with FIX messages instead. This message handler would replace the “normal” SWIFT message handler in sending/receiving information from the settlement engine.
>
> Shalom Reich
>
> > Dear Experts,
> > 1) Is there any product to support a transformation of SWIFT messages to FIX ones (and vice versa)?
>
> > 2) How complicate could be such a procedure?
> > Regards,
> > Serguei.
> >
>
>
[ original email was from Candyce Edelen - cedelen@ibsncentral.com ]
Serguei,
Which SWIFT messages do you wish to translate?
IBSN’s products handle the transformation to and from SWIFT. We provide a messaging product that handles any kind of message format and translates to any other format bi-directionally. Please feel free to contact me for further information.
Best regards,
Candyce Edelen
IBSN, Inc.
cedelen@ibsncentral.com
(303) 984-4727, ext. 103
> Dear Experts,
> 1) Is there any product to support a transformation of SWIFT messages to FIX ones (and vice versa)?
> 2) How complicate could be such a procedure?
> Regards,
> Serguei.
>
[ original email was from giovanni debiaggi - g.debiaggi@makssrl.com ]
> Dear Experts,
- Is there any product to support a transformation of SWIFT messages to
FIX ones (and vice versa)?- How complicate could be such a procedure? Regards, Serguei.
we are developing a Fix/Swift translator for our client Fineco (ITA, on IBM As400 i-Series (870/890); contact me for further technical details;best regards.
[ original email was from Urs Flueck - urs.flueck@sungard.com ]
> Dear Experts,
- Is there any product to support a transformation of SWIFT messages to
FIX ones (and vice versa)?- How complicate could be such a procedure? Regards, Serguei.
SunGard Business Integration provides amongst other a translation tool where SWIFT and FIX transformations have been already implemented. Amongst them are:
MT J → MT 541/3
MT D → MT 515
MT 8 → MT 515
MT D → MT 509
MT 509 → MT 8
MT 502 → MT D
MT 513 → MT 8
If you need further information please contact me at “urs.flueck@sungard.com” or have a look at http://www.sungard.com/products_and_services/sbi/default.htm
Best regards
Urs
Dear Experts,
- Is there any product to support a transformation of SWIFT messages to
FIX ones (and vice versa)?- How complicate could be such a procedure? Regards, Serguei.
Hi Serguei,
Trace have an industry specific data dictionary-based transformation engine (Trace Transformer) with full support for FIX and SWIFT. ‘Transformer’ has Gold accreditation from SWIFT and is designed for exactly the situation you find yourself in.
I hope we can discuss this further.
Regards, Steve (+44 20 7825 1157)
Dear Experts,
- Is there any product to support a transformation of SWIFT messages to
FIX ones (and vice versa)?- How complicate could be such a procedure? Regards, Serguei.
Hi Serguei,
Apis Software GmbH based in Germany sells a software suite that is able to translate SWIFT to FIX and vice versa without limitation. Please take a look to www.apissoft.com
Regards,
Karl-Heinz Becker
Dear Experts,
- Is there any product to support a transformation of SWIFT messages to
FIX ones (and vice versa)?- How complicate could be such a procedure? Regards, Serguei.
Dear Serguei,
Imagnos - formerly CSK Software AG - has a solution which allows the mapping from SWIFT to FIX message types. Our engine is SWIFTNet Ready Gold certified by SWIFT. See www.imagnos.com.
Kind regards
Dirk Vesper