Coexis Limited has announced a strategic partnership with Chinese IT services provider Serisys Solutions Limited to sell and support Coexis’ Syn~ development technologies and capital markets applications in Asia Pacific, especially China. The company has also readied its Syn~ solutions to reflect Chinese requirements to assist global investment firms achieve their ambitions in China and ultimately to help Chinese brokers to operate on the global stage.

On a case by case basis, after October 2007 foreign brokers will be able to run local Chinese brokers. As a result they will need to put in place trading and business processes and systems to support straight through processing (STP). Chinese firms, who in future will be able to trade globally will look to procure process knowledge through investment in “state of art” systems.

In March 2007, Coexis launched its Syn~Broker, an enhanced solution for brokers requiring on-line client order capture through to settlement and accounting with multi-exchange and multi-CSD (Central Securities Depository) functionality.

Serisys is a Chinese company headquartered in Hong Kong providing IT services to the capital markets and banking industries in China and the rest of the Asia Pacific region. The company will deliver Syn~Broker and other Syn~ applications as a software service providing a cost-effective solution to Chinese brokers as well as the global investment firms. The wholesale brokerage market although fledgling is already large and set to grow exponentially as the fund management industry takes off in China. ( Coexis )

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