New network opens for business
08 October 2013 New York
Image: Shutterstock
Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase and Morgan Stanley have all joined a new open messaging network from Markit.
Markit Collaboration Services allows users to see availability, send instant messages, use video and chat rooms, and exchange documents across disparate messaging platforms.
The new network also provides an open directory for the financial services industry, enabling people to find, communicate and collaborate with one another.
The messaging and directory services can be embedded in third party applications, workflows and other networks, extending the functionality of trading, processing, research and other applications.
Thomson Reuters is a founding member of the network and will federate its instant messaging tool, Thomson Reuters Eikon Messenger, with the network.
NextPlane is powering the federation service.
Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase and Morgan Stanley have joined the network and will use the federation and directory services at the enterprise level.
Lance Uggla, CEO of Markit, said: “We're excited to launch this new collaboration network which is the first of its kind. Our aim is to help financial market participants become more efficient in the way they communicate and share information. By offering them an interoperable collaboration system, we will change how financial markets operate.”
Zar Amrolia, co-head of fixed income and currencies at Deutsche Bank, added: “[We are] at the forefront of emerging technologies that drive market efficiencies. This new network allows us to connect disparate systems and improve the quality of communication and therefore service we provide to clients.”
“We welcome any initiative that improves access and communication across markets and with our clients. The service will refine our back office technology footprint, whilst bringing efficiencies to our client facing franchise across the bank."
Markit Collaboration Services allows users to see availability, send instant messages, use video and chat rooms, and exchange documents across disparate messaging platforms.
The new network also provides an open directory for the financial services industry, enabling people to find, communicate and collaborate with one another.
The messaging and directory services can be embedded in third party applications, workflows and other networks, extending the functionality of trading, processing, research and other applications.
Thomson Reuters is a founding member of the network and will federate its instant messaging tool, Thomson Reuters Eikon Messenger, with the network.
NextPlane is powering the federation service.
Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan Chase and Morgan Stanley have joined the network and will use the federation and directory services at the enterprise level.
Lance Uggla, CEO of Markit, said: “We're excited to launch this new collaboration network which is the first of its kind. Our aim is to help financial market participants become more efficient in the way they communicate and share information. By offering them an interoperable collaboration system, we will change how financial markets operate.”
Zar Amrolia, co-head of fixed income and currencies at Deutsche Bank, added: “[We are] at the forefront of emerging technologies that drive market efficiencies. This new network allows us to connect disparate systems and improve the quality of communication and therefore service we provide to clients.”
“We welcome any initiative that improves access and communication across markets and with our clients. The service will refine our back office technology footprint, whilst bringing efficiencies to our client facing franchise across the bank."
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