Payment news, September 28

Standard Chartered migrates to new foreign exchange platform through Solace, while Clearstream offers renminbi settlement.

Solace to provide messaging infrastructure for Standard Chartered

Standard Chartered Bank SCB has chosen Solace Systems to provide the messaging infrastructure for its next generation foreign exchange trading platform. Solace will be deploying its 3,260 message routers in Kuala Lumpur, Singapore, London and New York to begin with and additional routers will be implemented as more of SCB’s applications migrate to the new trading platform.

“As an organisation in the midst of managing rapid growth across a large geography, Standard Chartered knows that investing in a long term strategy for messaging infrastructure is crucial,” said Anthony Hodge, head of infrastructure solutions at SCB, in a statement.

“Standard Chartered’s...

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