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

A-Team Insight Blogs

Mitsubishi Extends Syn~ Platform To Full Range of Cash Markets

Subscribe to our newsletter

Mitsubishi UFJ Securities International plc (MUSI) has extended its use of Coexis’ Syn~ workflow and data management products to cover its full range of cash markets settlements. The aim is to achieve high levels of straight-through-processing across all cash markets asset classes by using standardized underlying technology based on the Syn~ platform.

Syn~ was already in use at MUSI, says Don Simpson, managing director of operations and technology, “For equity settlement and for counterparty static reference”. In this area the firm has achieved straight-through-processing rates of around 95%. Simpson says, “We have every reason to expect similar high levels of STP (with the extended rollout)”.

The extension applies the Syn~ workflow and lifecycle management system to the Japanese securities firm’s full range of fixed income instruments and securities financing transaction types such as repos, says Simpson. MISU is also involved in derivatives, exotics and new issues.

With this rollout, the existing ADP Wilco Gloss system has been “turned off”.

The Syn~ Settlements product is a rules-driven processing engine for handling all transactions from trade capture through to ledger postings. Its automated approach to exception handling for the correction and repair of transactions is credited with reducing the need for human intervention, thereby reducing operational costs and improving STP rates. The technology also enables business analysts, rather than IT staff, to model or change business processes.

Coexis recently sold a 20% stake in its company to Atos Euronext Market Solutions, Euronext’s 50:50 joint venture with French IT services company Atos Origin (MiFID Monitor, March 2006).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sourcing and managing ESG disclosure data to ensure compliance

As interest in ESG investing continues to accelerate, asset managers must source and manage increasing volumes of ESG disclosure data. Data volumes are not the only problem, with different types of ESG disclosure data, the need to master the data, and a lack of standards all contributing to the challenges of getting compliance right and...

BLOG

The Transformation of Data Management

By Justin Llewellyn-Jones, head of capital markets for North America at Broadridge. Complexity in data and data management is like a fault line running through the organizations and strategies of capital markets firms. It consumes resources, introduces dangerous risks, and limits firms’ ability to capitalize on artificial intelligence and other new technologies. For that reason,...

EVENT

RegTech Summit New York

Now in its 7th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...