Five Securities Firms in Thailand select Serisys and pdv Financial Software
Serisys Solutions Limited, a provider of IT solutions and services to the capital markets, and pdv Financial Software GmbH, a software provider to international financial markets, announced April 4 the signatures of a consortium agreement with five leading securities firms in Thailand to provide a complete front office solution for their core businesses, provided as a service and connected directly to the Stock Exchange of Thailand.
The five securities firms, Asia Plus Securities Public Company Ltd., Capital Nomura Securities Public Company Ltd, Kasikorn Securities Public Company Ltd, SCB Securities Company Ltd, and TISCO Securities Company Ltd, will all use the Thai DECIDE ASP, a next generation international trading platform co-located at the SET Data Center.
The platform offers native market connectivity to the Stock Exchange of Thailand (SET and TFEX) to allow market participants to use DECIDE’s advanced trading, position and risk management capabilities.
“With SET’s recent successful launch of its new trading platform SET Connect, market participants now have the opportunity for more sophisticated trading of Thai securities,” said Kittisak Piampanya, General Manager of Serisys’ Bangkok office. “DECIDE with its access to SET Connect provides a single, integrated platform for a wide range of exchange traded and OTC instruments.”
Reinhard Wienke, Managing Director of pdv, added “We are delighted to have reached this milestone with Serisys in the retooling of Asia Pacific capital markets with our proven DECIDE trading platform. The system’s broad scope and German heritage – also supporting the world’s largest traded warrants market – combined with Serisys’ local business process knowledge and experience enable us to deliver an unbeatable solution easily tailored to Asian customers’ specific requirements.”