The offering will bundle pdvâs successful DECIDE trading, position and risk management platform with Serisysâs market and integration expertise to provide turnkey solutions for customers in the region. The platform will be available for in-house implementation as well as an Application Service Provider (ASP) service delivered from Serisysâs local data centres.
"We found that the DECIDE product exactly matches the needs of Asian based market participants", Serisys chairman Tim Marsh says. âWith the continued growth of trading volumes and access to new financial products in the Hong Kong and Asia-Pacific markets, local banks and brokers are increasingly finding their current systems do not meet their needs. However, they are reluctant to bear large implementation risk and cost to upgrade these for the next generation of trading requirements. Our ASP service will solve this problem, providing a single, lower cost platform for a wide range of exchange traded and OTC instruments.â
Reinhard Wienke, managing director of pdv, adds "We are delighted to work with Serisys to bring our advanced DECIDE platform and proven ASP architecture to the Asia-Pacific market. The systemâs broad scope and German heritage - from the country with the worldâs largest traded warrants market - combined with Serisysâs local business process knowledge and experience enable us to deliver an unbeatable solution easily tailored to Asian customersâ specific requirements.â
Marketing and sales will start in Hong Kong and will shortly be expanded to the entire region.