25 April 2018

FinClear joins Australian third-party clearing market with Dion Global

06 December 2017  |  1792 views  |  0 Source: Dion Global

Dion Global Solutions (Dion | BSE: 526927) announced that FinClear is live on their comprehensive front to back technology solution – TradeCentre™ and iBROKER. FinClear, the Australian clearing and settlement provider, is the only third-party equities clearer to be admitted to the ASX in two years.

FinClear aims to provide the Australia financial services industry with the most advanced clearing and settlement infrastructure and services in the country, considerably reducing the cost and maintenance burden of market participants.

David Ferrall, Managing Director and CEO at FinClear, said, “The Australian financial services industry requires an efficient clearing and settlement provider that will simplify and streamline the responsibilities of a broker and ensure complete compliance, reporting and audit capabilities. With this objective, we setup FinClear in 2015.” He continued to add, “Dion is a progressive technology company that has invested and built in Australia the only integrated front to back office platform that meets our current and future requirements. This capability from a single vendor allows us to provide a flexible and advanced range of services to suit our clients’ diverse needs. Dion has been our partner for over 9 months and has demonstrated their commitment to the success of FinClear.”

To support their clearing business, FinClear chose Dion Global’s iBROKER solution that has a proven track record in the Australian market for over 30 years. iBROKER provides a stable and secure platform that delivers an integrated equities and options solution.

FinClear is also using (for their trading business called FinEx) Dion Global’s trading solution, TradeCentre™ to support their front office advisor requirements. TradeCentre™ provides FinEx with a full suite of trading, order management, real-time market data, comprehensive charts, and a powerful CRM to view client interaction data on desktop as well as mobile devices.

Michel Borst, CEO, Dion Global Solutions, said, “We are delighted to partner with FinClear for their technology requirements. Our focus on developing innovative and comprehensive capabilities into our trading and settlement platforms will address the growing needs of the industry.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.nextgenbanking.co.ukVisit http://response.ncr.com

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14905 views comments | 21 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11473 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9827 views comments | 26 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
8912 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8838 views comments | 20 tweets | 36 linkedin

Featured job

Find your next job