This is what was the defiant sentiment underlined by the Chairman of SIA-SSB during the third edition of the recent International Payments Summit DO YOU SEPA?

Fidessa LatentZero, one of the worlds leading providers of front-office software to the buy-side, has today announced that it has integrated access to algorithms from RBC, Instinet, Knight/EdgeTrade and DnB NOR Capital Markets via Minerva, its Order and Execution Management System (OEMS). 

The door to competition has been blown off its hinges by the adoption of the Markets in Financial Instruments Directive (MiFID), leading to wholesale change in the European equity markets as 20 Multi-Trading Facilities (MTFs) are offering or planning to offer trading on a pan-European basis.. 

Thomson Reuters was named Number One Overall Technology Vendor in the 3rd annual Asia Risk Technology Rankings 2008 earning an impressive 13 First Place awards out of 25 categories. With wins covering market risk, limit checking, analytics, trading, data and collateral management, Thomson Reuters garnered strong support for its risk management solutions across the Asia region. 

Fundtech Ltd. (NASDAQ: FNDT), a market leader in global transaction banking solutions, announced that India's Kotak Bank has gone live with Global CASHplus Collections and Payments modules. Kotak's corporate clients will now have access to advanced cash flow planning and working capital optimization applications. 

Microsoft BizTalk Server to help reduce risk and time for securities workflow between ING and its settlement counterparty.

Microsoft Corp. announced today at Sibos 2008 that ING Investment Management has chosen Microsoft BizTalk Server 2006 to enable SWIFT connectivity into The Bank of New York Mellon Corp. (BNYM), the settlement counterparty appointed by ING for back-office operations. Having completed the proof of concept, the project is due to go live by the end of 2008 and will enable a timely transfer of settlement instructions and receipt and reconciliation of messages from BNYM. 

Microsoft renews commitment to SWIFT and achieves SWIFTReady Financial EAI Label for 2008.
Microsoft Corp. today announced at Sibos 2008 that it is signing a global partnership agreement with the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The announcement signifies a new, higher level of close cooperation between the organizations, under which they will work together to deliver deep industry value and simplify SWIFTNet implementation for customers using Microsoft technology..

Microsoft renews commitment to SWIFT and achieves SWIFTReady Financial EAI Label for 2008.

Microsoft Corp. today announced at Sibos 2008 that it is signing a global partnership agreement with the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The announcement signifies a new, higher level of close cooperation between the organizations, under which they will work together to deliver deep industry value and simplify SWIFTNet implementation for customers using Microsoft technology. 

SWIFT, the financial messaging provider for more than 8,300 institutions, has been chosen by European Central Counterparty Limited (EuroCCP) as a connectivity provider to its clearing members. EuroCCP, the London-based, wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), will provide clearing and settlement services for Turquoise, the new pan-European multilateral trading facility (MTF).

Power Payments Technologies (PPT), a leading provider of SWIFT solutions and Neptune Software (Neptune), a top 10 international banking systems provider, today announce their partnership. The agreement enables Neptune to offer a complete suite of integrated payments services, including SWIFT messaging, anti-money laundering (AML), and exceptions and investigation within Rubikon