Serisys Launches ADYPT To Transform Securities And Derivatives Operations
“In their fast changing environment, banks and brokers need technology platforms to handle new business opportunities quickly, to adapt easily to financial markets and regulatory changes and to be straightforward to implement“ said Tim Marsh, Executive Chairman of Serisys at the 8th Clearing, Settlement & Custody Asia Forum in Singapore. “We believe a new generation of solutions, built specifically for both Cloud / SaaS / ASP delivery and enterprise implementation, is needed to address these opportunities and challenges.”
According to the designer Tim Rhodes, ADYPT is more than a decade ahead of its nearest competitor in terms of business capability and agility. ADYPT will disrupt the middle and back office systems market by allowing banks and brokers to clear, settle and process trades much more flexibly, with a lower unit cost per trade, reduced time to market, and with greater capacity and security.
“We set out to overcome the shortcomings and frustrations users continue to have today with bespoke and packaged approaches to systems. ADYPT benefits from the team’s past experiences and lessons learned; its use of open source and the latest advances in technology truly provide banks and brokers useful, tangible user benefits with a quantum leap in flexibility, efficiency, speed, capacity, security and auditability,” said Dr. Rhodes.
ADYPT is also the first single, integrated solution that addresses both middle and back office and financial ledger; both securities products (equities, fixed income) and non-securities products (exchange traded and OTC derivatives, money market and FX); both own clearing and third party clearing; and both enterprise installation and Cloud / SaaS / ASP delivery. Its multi-market clearing and reporting modules provide centralised processing of transactions from any location.
Today’s robust open-source software and tools have been adopted where appropriate for increased transparency, interoperability, quality and reliability, and for the first time both processes and data are easily modeled and configured using user defined rules and graphical displays instead of programming.