Institutional brokerage Prebon Yamane has teamed with business process management firm Exigen Group to re-engineer its in-house order management system.
Prebon Yamane says the upgraded system provides centralised order and quotes management and is able to sustain a variety of price distribution channels. The system will eliminate paper processing and the need to switch between siloed legacy applications.
The reengineered management system is delivered on Java technology and is modularly built with definable rules for each market. The initial configuration addresses treasury cash, Peso and swap markets with additional markets to be added shortly.
Dirk Manelski, general manager, capital markets, Exigen, says: "With legacy systems such as these, technology is only part of the transformation - the entire operation and supported processes are usually where the most financial impact is achieved."