Serisys Solutions Ltd —an IT services and solutions provider headquartered in Hong Kong — is now offering banks and brokers in Asia a new trade processing solution, ADYPT, to enable them to easily adapt to financial markets and regulatory changes.
ADYPT is a single, integrated solution that allows banks and brokers to clear, settle and process trades flexibly, with a lower unit cost per trade, reduced time to market and greater capacity and security, said Dr. Tim Rhodes, director of Serisys.
The solution addresses both middle and back office and financial ledger; both securities products (equities, fixed income) and non-securities products (exchange traded and OTC derivatives, money market and FX); both own clearing and third party clearing; and both enterprise installation and Cloud / SaaS / ASP delivery.
Its multi-market clearing and reporting modules also provide centralised processing of transactions from any location.
Leveraging open-source software and tools where appropriate, ADYPT offers transparency, interoperability, quality and reliability. Both processes and data can now be easily modeled and configured using user defined rules and graphical displays instead of programming.
ADYPT aims to overcome the "shortcomings and frustrations users have today with bespoke and packaged approaches to systems," said Dr Rhodes. "Its use of open source and latest advances in technology will provide banks and brokers a quantum leap in flexibility, efficiency, speed, capacity, security and auditability."