Investment Banks in Asia have faced large volatility and wide fluctuations in trade volumes in the past, and the future is likely to be even more extreme. Coupled with this, our markets are deregulating and exchanges upgrading so that investment banks face an array of much faster traditional and alternative exchanges on which to trade and find the best price, including SBI Japannext, Chi-East, BlocSec, (a good overview can be found here).

Serisys offers the region world class trading capabilities and features on the latest scalable technologies previously unavailable with local and home grown systems. We have selected three of the latest, yet proven market leaders to partner with. For even the smallest broker pricing is very affordable, especially with our ASP (application service provision), SaaS (software as a service) delivery models.

FRONT OFFICE

An Integrated Multi-Asset Front Office Trading System from Germany, pdv-DECIDE, supports on a single, advanced platform equities, fixed income, derivatives, FX, OTC and structured products. It contains a powerful order management system (OMS) that is equipped for ‘best execution’ across markets, a European mandatory requirement. This is available as a stand-alone module or integrated with sales or proprietary trading. With its heritage as a derivatives trading system, pdv-DECIDE comes with sophisticated risk management functionality already built in.

Regardless of your current trading volumes and products, pdv-DECIDE brings you capabilities previously only affordable in the most advanced trading rooms and allows you to add new trading products and markets later without adding new systems or software.

BACK AND MIDDLE OFFICE

Investment Banks are now beginning urgently to re-equip their back offices to support the increased volumes of trading across fragmented markets. The key criteria they are using to select and replace a modern middle and back office system are:

• Workflow-based. Only a system fundamentally designed around workflow processes likely to be able to support responsively the constantly and fast changing trading environment.
• Rules engine-based. With that elusive goal of 100% straight through processing (STP), the system must be able to add or change rules ‘on the fly’, to cope with the wide and changing variety of, and exceptions to data formats regularly used by your counterparties, including customers, custodians, data providers, etc. When authorized users can easily amend processing rules in real time at any level of trade granularity, the STP goal becomes much more achievable.
• Straight Through Exception Processing (‘STEP’) capabilities. Even with the ability to fine tune workflow processing and exception rules easily, trade breaks and exceptions are bound to occur in multi-market and cross-border trading scenarios. The system should be intelligent enough to figure out how to repair a trade automatically as well as apply the repair to any other affected trades.
• Technology obsolescence-proof. A well designed back office system will clearly separate the technology and business layers so that, as technology standards evolve, the technology can be replaced and modernized without touching or affecting the business processes and rules that have evolved uniquely for the organization’s business model, markets footprint and customer base.
• Scalable. Linear scalability which can be provided with ‘Grid’ based computing architectures must be available to meet unknown increases in future trading volumes.

Serisys found such a system, called Syn~, that meets all these criteria, and is why some of the leading financial services organizations in the region today, such as SetClear are enjoying higher STP rates, higher back office productivity, and improved customer service. In Syn~ business logic is stored as data not code and configured in a modelling environment which practically eliminates coding and programming. We offer various modules of Syn~ in the region, and a description of each is available from links below.