Coexis has been awarded a global contract from Hong-Kong based CLSA Asia-Pacific Markets (CLSA), an independent Asian investment banking and brokerage services provider.
The agreement is to deploy Syn~ for securities processing and enterprise-wide reference data management. Syn~ will be the primary processing system for CLSA Transaction Management at its Global Operations Centre in Singapore. Syn~ will then be further deployed in nine regional offices in addition to London and New York.
Key factors in CLSA’s decision were the ability of Syn~ to deliver an enterprise-wide reference data management service, specifically for capital markets, securities, counterparties, standard settlement instructions and market data, as well as ease of integration within the existing CLSA architecture, based on service-oriented architecture (SOA).
Syn~ meets CLSA’s securities processing requirements to scale to extremely large and increasing volumes across all of Asia’s primary financial markets.
“This is a strategic purchase for CLSA. Syn~ offers unique features that meet CLSA’s business roadmap, including flexible and scalable business solutions to cater for exponential growth. The work flow-based approach complements our ambitions to transform trade processing,” says Rajah T, chief information officer, CLSA.