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.”