New York - JPMorgan has for a second time used Swift's central testing facility, the Simulation Testing and Qualification Service (Staqs), to review corporate actions messages and identify areas to focus on, officials tell Inside Reference Data.
Staqs for corporate actions is a self-testing application used for testing IT systems' compliance with ISO specifications, market practice rules and regulatory requirements.
JPMorgan recently tested a selection of 50,000 messages against the newly launched
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails