MACD Newsletter

September 2019

New at MACD: 22 ESPRIT Netzwerk Banks

ESPRIT Netzwerk has commissioned MACD to develop and operate securities routing for their 22 member banks. The project covers the routing between the banking system Finnova and one or more of the MACD Brokers: UBS, Credit Suisse, Basler Kantonalbank, Z├╝rcher Kantonalbank and Bank Vontobel. MACD will implement this project in collaboration with Swisscom. This brings the number of MACD customers to over 60.

Maerki Baumann routes via Incore Bank

Maerki Baumann & Co. AG re-routes orders in SIX Swiss Exchange securities via the MACD network. The orders are booked in the core banking system Finnova. This STP solution is a major gain in efficiency for both banks. The project was implemented on time by MACD together with Sobaco Solutions AG.

Tomas Fort, Sales & Account Management: 'This project shows how we can simplify the interconnectedness of banks with each other and with their banking customers. This is not only the case for order and execution delivery, but also the correct bookings in the host systems.'

MACD launches Market Data Service

The rollout of the newly developed MACD Market Data Service, which is required to support the new SIX MDDI interface, is nearing completion. For most MACD customers, it is already running live in production. MACD delivers a hosted solution with MDS requiring less bandwidth to obtain SIX Market Data.

All XKYTE customers who are members of the SIX Swiss Exchange now also use the scalable MDS Aggregator with SIX market data. The MDS reduces complexity and effort for customers and enables flexible streaming of data.

5G Banking, Blockchain & Digital Stock Exchange

Participants from 26 financial institutions took part in the MACD Conference 2019 in Zurich and heard presentations on the topic of 'digitalisation'. Afterwards there was plenty of opportunity for networking at the Irish Pub. The presentations can be found here:

Are you satisfied with us?

Let us know your option! You can take part in our anonymous and confidential survey 'MACD Communication & Support' (approx. 10 min duration) by 10th of September 2019.

Briefly noted

XKYTE Connection to Avaloq on FIX 5.0

In addition to various FIX versions across a range of core banking systems and brokers, MACD has also been supporting connections to Avaloq FIX 5.0 since July 2019. The mapping of different FIX versions takes the pressure of continuous releases from our customer banks and helps minimise their IT effort.

Bloomberg MAP Connections in Production

All GLOX customer banks have now been successfully migrated to the new MAP interface. MAP is Bloomberg's combined interface via which TSOX (Fixed Income) as well as EMSX (Equities) can be routed to various brokers.

Credit Suisse FIX 4.4 Connections live

All GLOX customers using the MACD broker Credit Suisse have now been migrated to the new 4.4 FIX connections.

Behind the scenes

MAX - The best of XKYTE and GLOX

The first version of our new trading system MAX has been developed - a pilot customer will go live with MAX this year. For 2020, specific extensions are planned. We will launch a series of MAX Customer Workshops where we present our new product, collect feedback and answer questions.

With the development of the new system we will combine the best of GLOX and XKYTE on a new and promising platform. The advantages are; for example the choice between hosting or standalone installation, easy access to MACD Network Services for all customers and more efficient connectivity of new customers and brokers.

Kurt Meister, COO MACD: 'With MAX, we will expand our functional offering step by step and provide our customers with a service-oriented system that can be individually assembled as required. For example, we will be able to map and process new asset classes such as FX / commodities as well as digitised products such as tokens.'