Financial Tradeware Provides GlobeTax with Access to SWIFTNet, the Advanced IP-based Messaging Platform.EGP/Financial Tradeware Connectivity to Enhance 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;. for Subscribers to Unique 'StatRate' Tax Information Service LONDON & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Financial Tradeware, provider of Portfolio and Fund Management 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) solutions for investment managers, fund managers and hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , today announced that it has partnered with GlobeTax Data Services Inc. to provide secure and reliable access for a new tax information service offering, StatRate, via SWIFTNet FileAct, an automated messaging service that SWIFT designed to enable customers to exchange files. The service will be hosted by Financial Tradeware's sister company, Europeenne de Gestion Privee (EGP (1) (Exterior Gateway Protocol) A broad category of routing protocols that are designed to span different autonomous systems. Contrast with IGP. (2) (Exterior Gateway P ). StatRate is a corporate actions tax information data feed designed for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms including; market reference data providers, custodians, brokers, asset and portfolio managers. The agreement between Financial Tradeware and GlobeTax was signed at Sibos in Sydney and has been followed by sponsorship from eight SWIFT member institutions. This allows GlobeTax, to provide a SWIFTNet-based accurate, real time information service to financial institutions and other companies via the EGP/Financial Tradeware communications platform. "StatRate provides the statutory withholding tax The amount legally deducted from an employee's wages or salary by the employer, who uses it to prepay the charges imposed by the government on the employee's yearly earnings. rate plus market variance notes for over 148 markets and will be delivered automatically intra-day to subscribers," said Ross K. McGill, director of marketing at GlobeTax. "We're delighted to be working with Financial Tradeware on this product. Their knowledge and experience of SWIFT will be invaluable as well as their connections across the European investment community." Linda Bookheim, Senior Business Manager, SWIFT, said, "There is a clear need for this offering and it illustrates how new applications can be created using the SWIFTNet Data Distribution Solution. The service will provide immediate benefits to SWIFT community subscribers to StatRate including increased STP and more accurate tax reclamation on corporate actions." "The GlobeTax relationship allows us to expand our SWIFTNet capabilities and to realise economies of scale by using real time FileAct services in addition to our regular FIN, Crest and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. capabilities," said Graham Bright Sir Graham Frank James Bright (born 2 April, 1942) is a British Conservative Party (UK) politician. Sir Graham became an MP by gaining Luton East from Labour at the 1979 general election. , Managing Director of Financial Tradeware. "We are pleased to support the StatRate service which will be a real enabler of STP for the securities industry. By leveraging our extensive knowledge of SWIFT, we enable a viable business case to be built for other companies who want to launch new applications using SWIFTNet as a distribution platform." About Financial Tradeware Financial Tradeware provides integrated solutions for small to medium sized Investment Management firms, Fund Managers and Hedge Funds, covering the full trade life cycle. It is part of the Dharma dharma (där`mə). In Hinduism, dharma is the doctrine of the religious and moral rights and duties of each individual; it generally refers to religious duty, but may also mean social order, right conduct, or simply virtue. Group of companies and benefits from the joint contributions and experiences within the group of leading market traders, business analysts, financial services professionals and skilled Microsoft Certified programmers. The company has developed a suite of applications that integrate and Straight Through Process (STP) real-time trading, back office administration, accounting and compliance, and provides SWIFT connectivity services through its MA-CUG and Member Concentrator services. For more information see: www.f-tradeware.com. About GlobeTax GlobeTax Data Services Inc. a subsidiary of Globe Tax Services Inc. provides market reference data products to the financial services and funds community. Current products include StatRate - a market reference data feed of statutory withholding rates, and e-TaxData online - a web based Coming from a Web server. See Web application. tax rate research tool. The parent company was formed in 1992 and is the pre-eminent provider of withholding tax processing services to the investment and financial services community. The firm processes more than one million tax reclaims a year and provides tax processing services for issuers, depositaries, beneficial owners as well as outsourcing services for custodians and brokers. For more information see: www.GlobeTax.com. |
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