Bit Systems and TAS

BIt Systems (IT Company of Borsa Italiana – London Stock Exchange Group) and TAS signed an agreement that allows TAS to provide the banks and financial intermediaries with a new service of trading, clearing and settlement for equities, derivatives and funds. The new service, named Plug & Go, consents to customers to outsource the management of TAS software, hardware and networking infrastructures.

TAS Receives SWIFT Labels

TAS, the SWIFT Regional Partner and Expertise Centre for Italy, obtains new SWIFT labels for GARI GOLD Transaction Flow Manager.

TAS solutions have been certified SWIFTReady for Cash Reporting – both Provider and User, and for SEPA Credit Transfers. Certification of Exceptions and Investigations is in progress and has already obtained technical and functional validation. The new labels will be presented at SIBOS 2008.

TAS is continuing to implement SWIFT certification for its solutions and will soon deliver SWIFT readiness for Enterprise Application Integration (EAI) and for Funds.