Alfa Capital installs Simplex securities administration software

Source: Simplex

Simplex, one of Europe's leading securities STP consultancies, announces the most recent customer to adopt Simplex's securities administration solution – Simplex SecAS.

Alfa Capital Holdings, a UK subsidiary of Alfa Bank, Moscow, will now access SWIFT, with the option of other value-added securities-focused solutions via Simplex SecAS.

Simplex SecAS is a modular solution which allows asset management and hedge fund organisations to outsource components of their middle and back office systems. Simplex SecAS comprises confirmation (Electronic Trade Confirmation), settlement (Electronic Trade Delivery), reconciliation, corporate actions, and SWIFT, delivered as an ASP solution. Simplex SecAS is an extension of the Simplex Steria Service Bureau, which has been in live operation since September 2004.

"We selected Simplex SecAS for several reasons. In addition to being the most cost-effective solution for our requirements, the reliability which the Simplex Steria Service Bureau offers as a result of Steria's multi-billion euro managed services infrastructure, gave us confidence in outsourcing a mission-critical part of our IT infrastructure. Key value-added services which are unique to SecAS also made this proposition very attractive", stated Oleg Kurenev, IT Director for Alfa Capital Holdings.

"Winning Alfa Capital Holdings business underlines key aspects of the Simplex SecAS proposition for the securities market, namely cost-effective on-demand access to a wide range of valuable services with a market leading infrastructure provider to support them", said Philip Walsh, Marketing Director at Simplex.

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