23 October 2016
Visit www.dh.com

Syntel partners SmartStream for auto-reconciliation of exchange traded derivatives

04 October 2011  |  4885 views  |  0 Source: Syntel

Syntel, Inc. (Nasdaq:SYNT), a global Information Technology services and Knowledge Process Outsourcing (KPO) firm, today announced it has developed a solution that enables clients in the Exchange Traded Derivatives (ETD) market to employ TLM products from SmartStream, the financial Transaction Lifecycle Management specialist. Syntel will serve as the preferred implementation partner for new product rollouts.

Exchange Traded Derivatives are challenging to process and reconcile, due to their inherent complexity and the multiple ETD data formats used by the exchanges.

To address this issue, Syntel has leveraged its business knowledge to develop a library of ETD Feed Adaptors that process multi-format data feeds generated by financial exchanges and convert them into a common format that can be reconciled by transaction processing applications.

"The Dodd-Frank act will drive higher volumes from OTC to trading on exchanges and this new solution will aid sell-side firms in managing risk by moving the needle from an opaque to a highly transparent model," said Rakesh Khanna, President of Syntel's Financial Services practice.

"Sell-side clients can now leverage Syntel's ETD expertise to deploy our Data Feed Adaptors and automate ETD reconciliation, which reduces their operational risk and drives enhanced compliance and transparency."

In addition to data management and integration services, Syntel will also be providing ongoing data feed maintenance and testing services, to ensure that its clients are able to stay current with changing exchange feeds and regulatory environments.

Syntel specializes in setting up large-scale automated reconciliation "factories" for its capital markets clients, and delivers services for the full reconciliation process lifecycle, including assessment and planning, data feed management, data archiving, regression and UAT testing, performance tuning and ongoing support.

Syntel currently employs approximately 1,500 reconciliation analysts providing daily servicing for more than 60,000 funds amounting to more than $4 trillion in assets under management.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.dh.comFind out moreVisit www.i2cinc.com

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
36196 views comments | 125 tweets | 236 linkedin
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSCNew EU rules could cost UK firms £122...
10944 views comments | 31 tweets | 37 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8560 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7131 views comments | 29 tweets | 22 linkedin
Indian banks hit by massive ATM breachIndian banks hit by massive ATM breach
6799 views comments | 16 tweets | 25 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job