About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ITG Selects GBST Syn~ for European Installation of Model-based, Back Office Settlement and Corporate Actions Processing

Subscribe to our newsletter

GBST, a global provider of technology solutions to the financial services industry, today announced that Investment Technology Group (ITG), one of the world’s leading agency brokerage and financial technology providers has selected GBST Syn~ for its back office processing requirements in Europe. Syn~ will provide real-time responsiveness for back office processing and mitigate the risk of managing corporate actions. ITG will deploy Syn~BackOffice and Syn~CorporateActions for these functions, which are being brought in-house for the first time.

ITG specialises in partnering with asset managers to provide cutting edge solutions ranging from pre-trade analysis to trade execution and post-trade evaluation. ITG selected Syn~ in order to standardise the back office settlement and corporate actions processing components within its European IT infrastructure. The Syn~ products will be integrated with ITG’s in-house developed Crystal Clear middle office system and be accessed exclusively via Syn~ web screens to provide global 24 x 7 operation and support.

Commenting on the selection of GBST Syn~, Michael Byrne, managing director and chief financial officer of ITG in EMEA, said: “Syn~ solutions are a perfect fit with our role as an independent agency broker and financial technology firm that partners with asset managers to deliver institutional liquidity and help performance throughout the investment process. We chose Syn~ for its modern architecture and real-time modelling capabilities which will allow us to react more quickly, be faster to new markets and support increasingly complex, multi-asset trading across different regions.”

By bringing back office functions in-house and utilising Syn~’s automated exceptions processing capabilities and real-time reporting, ITG expects to drive down settlement cost and improve services to clients. Syn~ offers some of the most sophisticated event-driven features available for ensuring that all corporate actions are handled in a timely way, thereby reducing the risk and costs associated with non-compliance.

Sunil Shah, chief executive officer of Global Broker Services GBST, said: “ITG is highly regarded as an innovator of financial technology services. Knowing that they carried out a comprehensive review of software suppliers makes this an especially prestigious contract for GBST and Syn~.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for creating an effective data quality control framework

Data quality is critical to capital markets processes from identifying counterparties to building customer relationships, regulatory reporting, and ultimately improving the bottom line. It can also be extremely difficult to achieve. One solution is a data quality control framework that includes an automated and systematic process that monitors the state of data quality and ensures...

BLOG

A-Team Innovation Briefing Discusses Data Mesh, Transition to Cloud, Use of AI

A-Team Group’s Innovation Briefing series got off to a great start in London last week with an event dedicated to innovation in cloud. The briefing included practitioner interviews, provided insight into how to modernise data infrastructure, and reviewed technologies driving change. The case for data mesh Kicking off the briefing, and raising several delegate questions,...

EVENT

TradingTech Insight Briefing New York

TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...