Serisys Solutions Ltd., the Asian leader in transforming financial markets with technology solutions, today announced that CMB International ("CMBI") has selected ADYPT as its strategic post trade processing platform for its capital markets businesses. CMBI will begin its roll out of ADYPT in the portfolio management area.
Joseph Lee, COO of CMBI stated: "we are delighted that ADYPT will provide us with a competitive advantage in clearing, settling and processing trades much more flexibly, with a lower unit cost per trade, reduced time to market, and with greater capacity and security. Being able to fix our issues in the back office in the portfolio management area so quickly and nimbly, yet with a strategic platform, is one bonus. Having a Hong Kong based technology provider with such deep international experience in this area to partner with us on this journey is an added bonus."
"Serisys has been taken aback by the pent up demand that we are seeing in Asia for an advanced flexible and linearly scalable back office trade processing solution, and we are thrilled that by selecting ADYPT so soon after its market launch in February 2014, CMBI has recognised the competitive advantages the solution will give their capital markets businesses," said H.K. Mo, CEO of Serisys.