Specialized consulting and software development for the evolution of the European post-trade market infrastructure. The set of projects involves adapting Monte Titoli’s (Euronext Group) systems to the new harmonization standards (CMH, ECMS, T2S). This experience combines the management of complex legacy systems (COBOL/DB2) with the design of cloud-native microservice solutions, ensuring regulatory compliance and operational efficiency in the management of corporate actions and shareholder identification on an international scale.
CMH (AMISECO Corporate Action Standardization): Project to adapt Monte Titoli’s information system to the new rules established by AMISECO for the standardized management of corporate actions. The Perigea Group participated in both the functional analysis and the development of software components in the COBOL CICS DB2 environment, providing support during the testing phases.
ECMS (European Collateral Management + CMH Compliance): A project to adapt Monte Titoli’s information system to manage the interface with the new European collateral management platform and, at the same time, ensure compliance with the standardization rules of the CMH project. The Perigea group participated in both the functional analysis and the development of software components in a COBOL CICS DB2 environment, providing support during the testing phases.
Euronext Clearing (Euronext Clearing settlement, formerly CCG): Project to adapt Monte Titoli’s information system to manage the settlement of transactions for Euronext Clearing (formerly Cassa di Compensazione e Garanzia), which has become the clearing house for the entire Euronext group. The Perigea Group participated in both the functional analysis and the development of software components in a COBOL/CICS/DB2 environment, providing support during the testing phases.
European Expansion (post-trade expansion for French, Belgian, and Dutch securities): Euronext’s expansion project in the area of post-trade services across Europe, specifically for French, Belgian, and Dutch securities, aimed at challenging Euroclear’s dominant position. This involves deferred settlement services, services related to registered securities, proxy voting management, and a comprehensive shareholder identification service. The Perigea Group is participating in both the functional analysis and the development of software components in a COBOL/CICS/DB2 environment, while also supporting the testing phases.
Pending Instructions Module (Management of Pending/Settled Transactions for CA4U Megara): This is a turnkey project for managing the extraction of market transactions in the “Pending” or “Settled” status to be sent to Megara’s CA4U application for the calculation of Corporate Actions on Flow. The project was analyzed by Perigea and is currently under development using OpenShift containers, microservices, a shared PostgreSQL database, AMQ queues for messaging, OIDC + Keycloak, RBAC, TLS for MQ, and SSL for the database.