The first open messaging network, delivering greater access to equity-linked structured products for private banking and wealth management firms, has been launched.Named Contineo Limited, it has backing from AG Delta, Barclays, BNP Paribas, Goldman Sachs, HSBC, J.P. Morgan and Societe Generale Corporate & Investment Banking.
The funding will support the implementation and ongoing development of Contineo’s network and technology, which at launch will allow subscribers to easily access their counterparties through a web-based interface and a set of open application programming interfaces (APIs).