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: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Data Convergence Initiative Seeks to Bring ESG Clarity to Private Markets

Private market data tools have become a fixture of the data management industry, as evidenced by year-ahead predictions from experts who routinely put it near the top of their lists of anticipated developments in 2025. A slew of new products have also been launched to cater to the growing demand for information from general partners (GPs),...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...