Coexis Forms Alliance With Chinese IT Serices Provider Serisys Solutions

London and New York based Coexis Limited has formed a strategic partnership with Chinese IT services provider Serisys Solutions Limited to sell and support Coexis' Syn~ development technologies and capital markets applications in Asia Pacific, especially China. Coexis also announced

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London and New York-based Coexis Limited has formed a strategic partnership with Chinese IT services provider Serisys Solutions Limited to sell and support Coexis’ Syn~ development technologies and capital markets applications in Asia Pacific, especially China.

Coexis also announced that the company has readied its Syn~ applications to reflect Chinese requirements to assist global investment firms achieve their ambitions in China and ultimately to help Chinese brokers to operate on the global stage.

“By partnering with Serisys, whose founders have long experience of implementing systems in China and Asia Pac, we gain crucial understanding of local conditions, local delivery capabilities and support services as well as a base for further expansion in Asia Pac, ” says Coexis chairman Terry Williams.

“The combination of this local expertise and know-how and the rapid flexibility of our next generation Syn~ applications is unrivalled. It means we are ready today with settlements and reference data applications for wholesale brokers which reflect Chinese trading rules and regulations. We can hit the ground running and believe we are the first global software house to do so.”

“Speaking as someone who has implemented back office systems for UBS, Syn~ is every CIO’s dream,” comments Tim Marsh, chairman of Hong Kong headquartered Serisys. “It is a modern back office solution – not rooted in the 1980’s like many of its competitors. Syn~’s architecture allows for change and evolution of existing applications resulting in increased operational efficiency.

“By empowering business users to develop new rules and respond to dynamic market opportunities the overall cost of ownership is reduced,” he adds.

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