Haitong International Securities Group has successfully gone live with GBST Holdings’ Syn~ capital markets platform to create a new institutional middle-office solution that the firm says is now a key component of its business expansion.
According to Haitong, due to rapidly growing trading volumes, its global institutional business needs an automated middle-office with low-latency matching and confirmations capability.
Andrew Sullivan, Managing Director of Sales Trading, Haitong International, says: “We are happy with the adoption of the internationally accredited system GBST Syn~, we are looking forward to receiving positive feedback from our clients.” GBST says Syn~’s workflows cater for a wide range of scenarios to cover both standard market practices as well as those specific to Haitong International’s processes. This has resulted in a highly automated flow with minimal manual steps. A subsequent implementation phase, to be completed early next year, will see the configuration of further confirmation functionality.
Donal O'Brien (pictured), GBST’s CEO Asia, says: “This is a great result for GBST and Haitong International. The success of this first implementation has built confidence in our ability to work together in what we see will be an ongoing, highly beneficial partnership. It is also a further demonstration of GBST’s success in providing internationally accredited systems to global investment banks in the Asian region.”
