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: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

TRG Screen Launches AI Assist to Advance Reference Data Cost Management

Market data spend and usage management software provider TRG Screen has launched an artificial intelligence-powered capability to help financial institutions better manage spiralling data costs. The conversational AI interface sits on top of TRG Screen’s established Xmon platform, allowing users to interact with their own programme data using natural language. Instead of digging through technical reports, users can ask the system direct questions about cost optimisation opportunities and...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...