FinIQ, a specialist software solution provider for the distribution and transaction processing of treasury and wealth management products, today announced it has launched the world's first multi-asset, multi-dealer connectivity platform for equity-linked and FX-linked structured products. Delivered in association with Thomson Reuters, the platform is dealer neutral, and is designed for the private banking and wealth management industry.
FinIQ's EQ Connect platform offers connectivity to top market makers in the equity-linked space for products such as equity-linked notes, range accruals, fixed coupon notes, accumulators and decumulators, while enabling optional integration with other core banking systems.
The platform is powered by Thomson Reuters DataScope Select, which provides a broad universe of cross-asset intra-day and end-of-day pricing, reference data and evaluated pricing services. It offers a flexible data delivery solution that seamlessly fits into the overall sales workflow. Thomson Reuters is also hosting the FinIQ solution as part of a growing ecosystem of services available within its Elektron Managed Services hosting environment.
Kanas Chan, Head of Trading, Solutions & Trading Group APAC of Deutsche AWM, said, "By enabling live pricing that can be accessed during conversations with clients, the online platform helps provide a view of where the market is so that better decisions can be taken more quickly. Through high speed order management on the platform, advisors can identify market opportunities quickly, as well as provide better execution services to clients. We envision this platform to be part of an advisor's day-to-day workflow and we are working on further enhancements to provide additional stock specific information and flows. With market information embedded, this platform has the potential to further expand into a sales tool over time." Deutsche AWM is crowdsourcing feedback to enable the system to continue enhancing the client experience.
"We are delighted to be working with FinIQ to produce an innovative new solution for Deutsche AWM, providing both DataScope Select and hosting services," said Alfred Lee, managing director, Financial & Risk, ASEAN, Thomson Reuters. "This reflects a growing trend towards solution providers working together in one ecosystem. It's also a great example of our continued efforts to provide customers with premium, high quality content and solutions delivered in one environment to ensure effective decision making."
"FinIQ is always known for providing in-depth functionality," said Mahesh Bulchandani, CEO of FinIQ. "Our platform provides connectivity with top tier market makers for equity-linked and FX-linked products, for Securities as well as complex OTC derivatives. The platform has been deployed all the way to the relationship manager, because it complements price discovery with complete order management and transaction life cycle management. We offer deployment flexibility. A client can join the hosted platform saving significantly on infrastructure costs and enjoying faster time to market; or choose to opt for the traditional software licensing model on the bank's own hardware. Hosted platform is currently available in Hong Kong and Singapore, and we hope to make it available in more countries in near future"
With EUR 1 trillion of assets under management (as of September 30, 2014), Deutsche AWM is one of the world's leading investment organisations. Here in Asia Pacific, the award winning1 Deutsche AWM is offering its wealth management clients full access to Deutsche Bank Group's global resources that are tailored for clients' local needs. In the Structured Products space, the firm is also known to be a clear market leader.