First State Investments (Hong Kong) has selected Mercator Software to automate transaction throughput from securities trading and settlement.
First State Investments Hong Kong is using Mercator to automate its entire securities transaction process from trade order to trade settlement. Mercator middleware is also linking the company's front- and back-end systems.
Lawrence Soo, chief financial officer of First State Investments Hong Kong, says: "We needed a solution that could automate the exchange of transaction information across our disparate systems and handle high transaction volumes, that we could implement quickly and easily with little disruption to our systems."
The bank's sister companies Colonial First State (CFS) in Sydney and First State Investments UK are also Mercator Financial Services customers.
First State Investments Hong Kong is part of the Commonwealth Bank of Australia and offers a wide range of investment products, including global and Asian equity and fixed income portfolios.