BNP Paribas Equities France Selects SeeBeyond for Real-Time STP Integration; SeeBeyond Integrates SWIFT, FIX and RITD to Back-Office and Euronext.Business Editors/High-Tech Writers PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. & REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Nov. 6, 2001 SeeBeyond (Nasdaq:SBYN), the leading global provider of eBI solutions, today announced that BNP Paribas Equities France (BPEF BPEF Bridgeport Public Education Fund, Inc (Connecticut, USA) ), a leading French equity broker, selected SeeBeyond's leading eBI platform to optimize its real-time Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) integration strategy. BPEF is one of the top three equity brokers on Euronext, the largest stock market in the Eurozone Eurozone Noun same as Euroland Eurozone n → eurozona, zona euro Eurozone n → zona euro , created from the merger of the Paris, Amsterdam and Brussels stock exchanges. BPEF's 500 clients are all institutional, driving the execution of more than 7.5 million transactions in 2000, for a total capitalization of Euros valued at 173 billion. BPEF also acts as a broker for the BNP Paribas Group, of which it is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . "Our core competency is to provide our clients with high quality research and advice, followed by impeccable execution, clearing and settlement," said Francois Salzedo, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for BPEF. "However, some institutions require a more automated, higher frequency service, with less emphasis on the value-added capabilities. We wanted to be able to serve these institutions with the same high standards that we deliver to our traditional client base. In order to do this, we needed a real-time STP integration infrastructure that would leverage our legacy applications, allow us to provide a real-time service to these clients and would be scalable enough to handle our expected future growth. We also needed a flexible and open platform to ensure that it would accommodate any new standard that would emerge in the future or any new best-of-breed application that we would want to deploy. SeeBeyond was the best solution to answer our needs as we see this as an enterprise-wide platform as opposed to a dedicated SWIFT solution." SeeBeyond's e*Gate(TM) Integrator connects BPEF's internal systems with institutional clients through the SWIFT network and Reuters InterTrade Direct (RITD RITD Reuters InterTrade Direct RITD Resonant Interband Tunneling Diode ). The e*Gate platform receives FIX and SWIFT messages, transforms and routes them to BPEF's internal applications and then routes these messages to Euronext. Similarly, messages issued from BPEF's internal applications are transformed into SWIFT and FIX messages through the SeeBeyond platform before being sent back to clients via the SWIFT and RITD networks. "Being able to centrally manage the flow of information through our systems gives us full visibility of our data, how it is transformed and how it is routed. This is a key advantage in on-going monitoring and maintenance," said Andrea Masson, integration project manager for BPEF. "Furthermore, SeeBeyond also delivers improved security features which are very relevant in our environment." "Achieving Straight Through Processing requires an integration solution that is as versatile outside the firewall, to connect to third parties through any network, as it is inside, to ensure optimal integration to back office systems," said Jean-Pierre Roux, vice-president of Southern Europe for SeeBeyond. "In choosing SeeBeyond, BPEF is investing in a strategic business integration solution that will enable real-time STP, now and in the future. SWIFT solutions should not be treated tactically, in isolation, but as part of a bank's Open Digital Nervous System." About SeeBeyond As the leading global provider of eBI(TM) solutions, SeeBeyond (Nasdaq:SBYN) enables the seamless flow of information within and among enterprises in real time. The SeeBeyond eBI Suite offers a rapidly deployable and infinitely scalable infrastructure for seamless application integration, dynamic business-to-business connectivity and robust business processes optimization. SeeBeyond has more than 1,580 customers worldwide, including ABN Amro, Barnes & Noble.com, Bausch & Lomb, DuPont, General Motors, Hewlett-Packard, HypoVereinsbank, Union Bank of Switzerland (UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System ), and Westdeutsche Landesbank Girozentrale (WestLB). Key global business and technology consulting partners include Accenture, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Computer Sciences Corporation, Cap Gemini Ernst & Young, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Consulting and PricewaterhouseCoopers. Software partners include BroadVision, Oracle, Retek, SAP and Siebel Systems. SeeBeyond has global headquarters in Monrovia, Calif. and sales and marketing headquarters in Redwood Shores, Calif. For more information, please visit www.seebeyond.com. Note to Editors: eBI and e*Gate are trademarks of SeeBeyond Technology Corporation SeeBeyond Technology Corporation (formerly Software Technology Corporation) was a software company listed on the NASDAQ stock market (NASDAQ: SBYN). On 28 June 2005 the sale of the company for $387m to Sun Microsystems was announced; the deal was completed by August. . All other trade names are the property of their respective owners. This document has been modified from its original version. |
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