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

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

Upcoming Webinar: Streamlining trading and investment processes with data standards and identifiers?

3 June 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration....

BLOG

A-Team Group Names Winners of its Data Management Insight Awards – USA 2024

The waiting in over! A-Team Group has announced the winners of its Data Management Insight Awards – USA 2024. The awards, which acknowledge leading data management solutions, services and consultancy to capital markets participants across the USA, were presented by Andrew Delaney, president and chief content officer at A-Team Group. The winners were named at...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Corporate Actions 2009 Edition

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on...