• "We were able to create, test and deploy mappings that took three months in XSLT within three business days" Latin American software company
  • "We implemented a SWIFT message in half a day; the programmer said it would normally take him five days " Tier One Global FI
  • "The in-built testing capabilities of Transformer have allowed us to validate the integrity of new message formats … much more quickly, and with greater confidence" Capital Markets Service Provider and Reporting Authority
  • "From watching the demo I am able to use the product straight away and create and test complex messages and mappings quickly and easily" Regulatory Reporting Authority
  • "Independent tests scored Transformer at 100% for message transformation" SWIFT
  • "Transformer is an integral tool within our technology infrastructure, helping to further accelerate the speed to market as we on-board clearing banking partners in new countries" Head of Product Management, Earthport
  • "With such a powerful tool in place we’re now thinking of extending our message conversion services to other business areas" Sergei Putyatinsky, CIO, NSD Moscow
  • "With Transformer handling the complexity behind the integrations, our teams can concentrate on our payment product - instead of worrying about technical message transformations" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "Transformer gives us more flexibility to support the diversity of our rapidly-growing client base, and to ease the integration process for new clients " Head of Product Management, Earthport
  • "Transformer has … allowed us to use analysts rather than developers to build our mappings, improving our time-to-market, reducing cost and increasing the quality of our solutions" Integration Architect, U.K Investment Manager
  • "We think Transformer is a fantastic product and it is an integral part of our Enterprise Messaging strategy going forward" Major American FI
  • "Transformer has brought a great deal of agility to the development of our next generation of payment frameworks, and also made it much more efficient" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "We are very happy to be working with Trace Financial" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "Transformer’s ability to elegantly handle complex financial messaging scenarios is proof both of its power and of Trace's depth of understanding of the standards" SWIFT
  • "Transformer … has enabled our business analysts and Quality Assurance team to create and comprehensively test financial message transformations" Capital Markets Service Provider and Reporting Authority
  • "I am indeed impressed and have not experienced this level of support from a corporate vendor to date. Excellent choice!" Major South African FI
  • "Using Transformer has simplified the process of working with multiple industry messaging standards" Integration Architect, U.K Investment Manager
  • "Transformer is the only messaging technology that we have found that really can be used by a business analyst" Major European Investment Manager

TRAX

TRAX, the OTC bond matching and reporting service

TRAX is the bond matching and reporting system operated by Xtrakter.

Communication with TRAX is based on a set of messages derived from the ISO 15022 and 20022 (MT and MX) standards, originally developed in 2005 by the International Capital Markets Association (ICMA), then operators of TRAX.

Testing the new TRAX ISO 20022 based messages

The ICMA's Testing & QA team licensed Trace Financial's Transformer in order to ensure that both inbound and outbound messages of the upgraded TRAX system were completely compliant with their own specification of these formats. This team was thus able to establish full confidence in the quality of the new service.

The in-built testing capabilities of Transformer allowed us to validate the integrity of new message formats... much more quickly and with greater confidence than would have been possible with our own manual efforts. By using Transformer we were able to rapidly develop the ISO data dictionary which has enabled our business analysts and Quality Assurance team to create and comprehensively test financial message transformations. 

Richard Woodward, Head of Software Development at ICMA, Nov 05

Transformer was instrumental in the success of the current TRAX messaging standard. So the best product available for working with TRAX messages - or any MX-based message standard - has to be Transformer

 

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