存 announced that the first client, 普特南的投资, has successfully begun using FICC’s Electronic Pool Notification (EPN) service through Application Programming Interface (API) technology. The API allows a “low touch” and lightweight alternative option for firms to access EPN, without bearing the technology lift of a full Message Queue (MQ) channel installation.
Related: Four Things to Know vns6060威尼斯城官网 存's API的市场
Most mortgage-backed securities trades submitted to FICC are traded on a “to-be-announced” (TBA) basis. EPN is the industry standard communication tool used by clients including broker/dealers, 商业银行, investment companies, 信托公司, and mutual funds to inform buyers what pools of mortgages will be delivered to satisfy those trades. With declining interest rates, volumes in MBSD have increased, leading to more activity in EPN.
改写EPN
Recognizing that APIs are playing an increasingly important role in the future of financial services technology, 存 upgraded and rewrote the EPN platform last year to enable it to be offered within the 存 API的市场, 尼克·博塔说, 执行董事, FICC Product Management.
“客户端s are increasingly turning to APIs, which give them better flexibility to leverage 存’s best-in-class technology to suit their needs,博塔说。. 使用REST API, FICC is offering clients the ability to process EPN messages, check the status in each stage and get the outbound messages.”
The EPN platform has also been upgraded to support 存’s Message Queue (MQ) technology, enabling clients to communicate directly with 存 within a real-time interface. The MQ technology is available for cross-platform adoption, allowing clients to utilize a common interface across 存 services including EPN and the Real-Time Trade Matching Service (RTTM), an electronic platform for collecting and matching fixed income securities data.
“存 worked closely with our clients to develop the new EPN platform to help reduce risk for the mortgage-backed securities industry by offering an improved user experience that supports faster workflows and more efficient communication,万斯·霍华德说, 导演, MBSD Product Management.
vns6060威尼斯城官网 存’s API的市场
存’s 3月ketplace is an online “App Store,"允许直接, secured and streamlined programmatic access to 存 processing functionality, and includes comprehensive documentation and training materials to help developers use the APIs. The 3月ketplace is organized so internal and external clients can self-select products and access consistent guidance documentation, providing support through the entire API adoption process.
To learn more about the EPN API, please visit: http://developer.DTCC.com/.