Euroclear Selects BT to Provide Secure Messaging Service
Euroclear has selected BT as one of its key providers of secure messaging services to facilitate two-way client communication through its new Common Communication Interface (CCI). With rollout commencing in 2008, the CCI will serve as the sole access point for Euroclear group clients to all Euroclear services. It is an integral part of Euroclear’s goal to reduce settlement costs by consolidating five processing platforms into one. BT will deploy managed gateways operating over BT’s Shared Market Infrastructure for open, standards-based, authenticated messaging capabilities with non-repudiation for all CCI communication channels (screen, message and file). In addition, BT will offer screen-based connectivity over the Internet. Euroclear recently completed the launch of its Single Settlement Engine, a milestone in delivering a ‘domestic market for Europe’ for domestic and cross-border securities transactions.