Financial Tradeware Launches MA-CUG Service for SME Swift Access

Financial Tradeware, provider of portfolio and fund management straight-through processing (STP) solutions, has launched a new service based on a member administered closed user group (MA-CUG) concept, providing Swift connectivity for small-to-medium-sized investment management institutions, investment funds, hedge funds and corporates. Using the SwiftNet infrastructure and complementary messaging services, FileAct, InterAct, Browse and FIN, MA-CUG participants will be able to access a single, secure communication channel to send and receive standardised messages (FIN, FIX, XML and others) – automatically or manually – to and from the MA-CUG Service Administrator, who has direct access to their various correspondents through the SwiftNet network of more than 7,500 financial counterparties.


Related reading

New consumer banking head for Citi Asia Pacific