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Yearbook 2024
Percival Software
About Company
Established: 1987
Address: 288 Bishopsgate, EC2M 4QP,
City of London, UK
Working Hours: 9:00 - 18:00
Contact Person: Elen Käsk
Email: percival@percival.co.uk
Website: www.percival.co.uk
- Joined FEAS in 2022-
Chris Richardson
CEO & System Architect
A thing of beauty is a joy for ever:
Its loveliness increases; it will never
Pass into nothingness; but still will keep
A bower quiet for us, and a sleep
Full of sweet dreams, and health, and quiet breathing
from Endymion by John Keats
2024 was another busy year for many reasons.
Capital market organisations might have decided to replace their legacy infrastructure, but the process of core system replacement generally always slow and measured, so the selection processes that started in 2023 are still running throughout 2024.
Percival attended a variety of international conferences during the year, and it has been a relief that is clearly felt by everyone involved in capital markets around the world and there seems to be a renewed energy and sense of purpose.
Percival’s project in Panama has kept us extremely busy as the market has a complex operational model catering to many kinds of operations locally and internationally.
Changing regulations in Europe translates into updates for T2S integration and sometimes changes to the messaging standards; as DEPEND is used for post trade processing in the three Baltic countries as well as Malta, this means that we have also been busy with upgrades to our DEPEND as well as our HUBBLE messaging layer.
Percival continue to be actively engaged in its product development and improvement and will be responding to many RFPs during the year.
2024 was an election year in the US and the entire process has drawn international attention to our industry because the outcome might affect capital markets everywhere. Trump has returned to the White House and the full impact on our corner of the world remains to be seen.
We are expecting another year of growth with the same regional focus as we had in 2023.
Our DEPEND product has been integrated with the Clara CCP solution from Baymarkets and we will be participating in joint tender processes with them for procurements that require both CSD and CCP.
This year we will release a new version of our REVENUE trading platform with a new dynamically configurable dashboard and the ability to match lenders and borrowers on a ‘loan market’. We are in discussions with an existing DEPEND customer who wishes to implement short selling in their market and hope to use REVENUE as the tip of the spear to allow lenders and borrowers to interact in a transparent environment.
Retrospective
Looking Forward