• "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
  • "Using Transformer has simplified the process of working with multiple industry messaging standards" Integration Architect, U.K Investment Manager
  • "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 are very happy to be working with Trace Financial" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "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
  • "We implemented a SWIFT message in half a day; the programmer said it would normally take him five days " Tier One Global FI
  • "Transformer is the only messaging technology that we have found that really can be used by a business analyst" Major European Investment Manager
  • "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
  • "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
  • "We think Transformer is a fantastic product and it is an integral part of our Enterprise Messaging strategy going forward" Major American FI
  • "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 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
  • "I am indeed impressed and have not experienced this level of support from a corporate vendor to date. Excellent choice!" Major South African FI
  • "We were able to create, test and deploy mappings that took three months in XSLT within three business days" Latin American software company
  • "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
  • "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
  • "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
  • "Independent tests scored Transformer at 100% for message transformation" SWIFT
FpML library

FpML - Financial products Mark-up Language

Transformer has a great track record of success in OTC derivatives messaging with FpML. Transformer is successfully creating Dodd Frank and EMIR compliant trade reports, and is used in mapping a range of FpML-based post-trade and settlement services. 

The Transformer FpML library

As you would expect, the Transformer FpML library encapsulates the entire structure of FpML, from message definitions and their sub-components down to fields and basic data types. This rich resource provides an excellent base for all FpML projects, and it is updated by Trace Financial as the standard evolves. 

Developers and analysts can then create FpML validation rules, enrichments and mappings in an intuitive, single-step process that does not use any coding, enabling them to generate, read and process real-world FpML messages far more quickly than by any other method.

Handling the special features of FpML with Transformer

Above and beyond this, Transformer provides many special features to solve specific issues and complexities of FpML, helping analysts and developers to build clearly understandable and hence fully maintainable solutions - with no extra bolt-on technologies or custom java code behind the scenes. For example Transformer takes care of advanced FpML features such as dynamic type overrides and element substitutions. These can make the mapping of inbound FpML messages especially difficult, but with Transformer users can create mappings which, at execution-time, vary in response to the data content of each FpML message instance.

FpML also uses intra-message references, where for example the full details of each party to the trade may be  stored in one area of a message and then cross-referenced from elsewhere in that same message (in most standards this data would just be copied everywhere it is needed). Transformer provides full facilities for dealing with these internal correspondences when creating or reading an FpML message.

CASE Study - Transformer for OTC Derivatives reporting in FpML

To learn more about how Transformer and the FpML library for OTC Derivative Reporting the following case study is available here

This case study looks at how one leading global investment bank successfully created a range of OTC trade reports to the DTCC’s Global Trade Repository (GTR) using Trace Financial’s Transformer.

Overall Transformer for FpML accelerates project delivery up to ten times so the business gets, for example, faster compliance with Dodd Frank and EMIR trade reporting.

To find out more about Transformer for FpML please contact us