data vendors and software vendors. Users can quickly build solutions for Swift MT and MX (ISO 20022) as well as ISO 8583, FpML, CREST, OTC Trade Reporting, SEPA as well as many other proprietary or standards-based formats. Complete, pre-built MT-MX conversion libraries are also available in the tool ready to go. Transformer does not require any coding or scripting permitting business analysts to configure and test solutions that can then be deployed at run-time into any technical infrastructure. Trace Financial also supplies the CREST Bridge, the leading solution for Euroclear UK & Ireland’s CREST service; and CAMS, a leading corporate actions management system including data scrubbing and Golden Record creation. For Data Vendors all of the above functionality allows institutions to validate, consume and integrate data feeds from multiple sources and in multiple formats (proprietary, MT, MX etc.) with their internal canonical formats or to meet the needs of specific middle and back office systems.