A group of market professionals representing the bank, broker and technology communities has formed under the banner of The Trader Notification Service Consortium. The group has launched a real-time post execution messaging service that will allow banks to receive, view, accept or deny deal details provided by voice brokers. The solution, which will also help automate the deal entry process according to the group, utilizes City Networks’ CityNet Trader Notifications platform to enable banks using the message service to release deals into internal systems and observe a single view of trades across all brokers and all trade types. Commenting on the release, Eric Pfennig, Head Trader at HVB – a member of the consortium – said: ‘The Trader Notification Service will allow us to enjoy the same benefits we receive from an electronic execution system, but at the same time maintain all the advantages of operating with a voice broker.’
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