Atos Euronext Market Solutions announces strategic investment in Coexis
“This investment will allow AEMS to continue to exceed the demands of its global customers for cost-effective, flexible and scalable leading-edge trading, clearing and trade processing solutions,” said Jean-Marc Bouhelier, CEO of AEMS.
The key component of this strategic investment for AEMS is Syn~®, the core technology created by Coexis, which includes an application suite developed specifically for modelling financial market applications. AEMS will use Syn~ to adapt existing product offerings and to develop new offers for its customer base which needs to respond effectively to imminent market changes such as MIFID (1) or ESES (2).
AEMS will work closely with Coexis’ experienced management team, led by Terry Williams, Chairman, and Sunil Shah, CEO, to expand its presence in the capital markets business and move into new functional and geographical markets. These efforts will leverage AEMS’ commercial strength with its flagship banking and brokerage clients in continental Europe and Coexis’ key client relationships in the UK and US. Further development of the client base in Asia is also anticipated. “The senior management teams of AEMS and Coexis, who have jointly over 20 years’ experience providing mission critical applications in the regulated investment banking arena, have enjoyed a very positive long-term relationship with a history of successful global projects,” added Jean-Marc Bouhelier. “We are excited about the opportunities that this deal represents for the future of both firms as well as our customers.”
“Syn~ technology complements AEMS’ business knowledge and market reputation,” said Terry Williams. “Having the public backing of a technology player like AEMS with worldwide expertise in consulting, product and system integration, hosting and facilities management, as well as an ASP model gives Coexis the right opportunities for growth. The investment provides Coexis with the upside benefits of a large scale organisation, without losing the agility of a closely knit management team.”
(1) Markets in Financial Instruments Directive
(2) Euroclear Settlement for Euro-Zone Securities