Simplex Launches Securities Administration Solution

Simplex, one of Europe’s leading securities STP consultancies, has launched its Securities Administration Solution (‘SecAS’), to outsource the middle and back office technology of asset management and hedge fund organisations.

The SecAS proposition comprises confirmation (Electronic Trade Confirmation), settlement (Electronic Trade Delivery), reconciliation, corporate actions, and SWIFT, delivered as an ASP solution. Its launch brings together a number of leading technology vendors within the securities marketplace to provide a complete middle and back office outsourced technology solution. "Our intention was to create a unique proposition for the securities market. The launch of SecAS is the realisation of this goal", stated David Reeve, CEO of Simplex.

"Simplex’s track record as a leading consultancy in this market gives us a long history in qualifying and implementing securities related solutions. This effectively pre-qualified the ‘best-of-breed’ vendors we are now working with, as well as providing us with an initial list of customers who we knew were favourable to the proposition", commented Philip Walsh, Marketing Director at Simplex.

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