London and New York-based Coexis Limited has launched Syn~Broker, a state of the art application for ASPs (Application Service Providers) to give entire markets a one-stop brokerage application covering everything from customer on-line trading, order management, settlement, right through to accounting.
“Syn~Broker can significantly alter the level of automation and sophistication of financial service provision in an entire region, while dramatically controlling costs for individual institutions,” says Donal O’Brien, business development director at Coexis.
Separately, Coexis also announced that Syn~Broker is being readied as a countrywide solution in Egypt.
“Syn~Broker is an ideal solution especially for emerging markets as it enables brokers to conform to evolving regulatory compliance requirements, demonstrate execution certainty, high security, deliver great customer service and enhance overall efficiency, without the overhead and time delay of setting up the in-house IT infrastructure,” says Sunil Shah, chief executive officer of Coexis.
“We have, for example already modified Syn~Broker with a Chinese User Interface and are including market connectivity to CCASS in Hong Kong and the Shanghai and Shenzhen exchanges. This will enable brokers to have a fully automated, exception based workflow driven back office solution for China.”