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(EMAILWIRE.COM, December 20, 2007 ) China -- With turnover on exchanges in Hong Kong, Shenzhen and Shanghai growing at between 140 and more than 500 per cent a year ? eclipsing the regional powerhouse Japan in sheer transaction volumes ? the Hong Kong-based capital markets IT specialist Serisys Solutions Ltd is setting its sights on Hong Kong and mainland China.
Serisys offers a full range of application services to the capital markets and banking industries, including application service provision, application implementation and application support.
Recognising the strain that the capital markets boom has placed on the IT infrastructures of both local and international players, the company has come up with what it believes is the answer. Specifically, scalable and sustainable solutions based on offerings from global banking and finance industry brands such as Syn~ and 29West.
"The market in Asia, especially in China, is extremely dynamic. Scalability is the single biggest issue faced by Asian brokers today and one that Syn~ uniquely solves cost-effectively through its underlying grid-based technical architecture," said Serisys' Chairman Tim Marsh.
"More and more firms are discovering that their existing settlement systems ? whether packaged solutions or in-house built, simply cannot scale efficiently or in a timely manner to cope with rising volumes in the Asian marketplace. None of our competitors have a current solution to this problem today. Even banks with in-house developed solutions are struggling and many in Asia-Pacific are now evaluating Syn~," said SerisysÂ’ CEO HK Mo.
Tim Marsh and HK Mo have long experience of implementing systems in Asia Pacific, a crucial understanding of local conditions, local delivery capabilities and support services. The combination of this local expertise, local know-how and the capability of Syn~ to respond to market changes quickly is unrivalled.
"Speaking as someone who has implemented securities systems for UBS, Syn~ is every COO's dream. It is a modern securities processing solution - not rooted in the 1980's like many of its competitors. Syn~'s architecture allows for change and evolution of existing applications resulting in increased operational efficiency and lower operating costs." said Marsh.
According to Marsh, the Syn~ solutions will be able to assist global investment firms achieve their ambitions in China and help Chinese brokers to operate on the global stage.
Increasing volumes also mean that the speed of trading systems used by banks and brokers needs to be increased dramatically. Serisys is introducing high-speed messaging solutions from 29West to meet this challenge.
29West is the leader in high-performance, low-latency messaging solutions for financial institutions. Since its first release in November 2004, 29West's Latency Busters Messaging (LBM) has set a new standard in performance for financial market messaging and has been deployed in over 100 firms worldwide.
With the introduction of Ultra Messaging for the Enterprise (UME) at the end of 2006, 29West has added persistence and delivery confirmation to its industry leading messaging product offerings.
About Serisys Solutions
Serisys provides IT services to the Capital Markets and Banking industries in China and the rest of the Asia Pacific region and is headquartered in Hong Kong. The services provided by Serisys include Application Service Provision, Application Implementation and Application Support. Serisys services and supports next generation software solutions developed by our partners.
For more information, visit http://www.serisys.com
Issued on behalf of Serisys Solutions Ltd by EBA Communications For more information, please contact:
Brian Paterson(EBA): (852) 2537 8022
(email: brian.paterson@ebacomms.com)
Note to editors: this release can be found on the EBA website at www.ebacomms.com. It is also available by email. Call Rosa Lee at (852) 2537 8022 (email: rosa.lee@ebacomms.com) if you wish to make use of this service.
Serisys Solutions Ltd
Brian Paterson
(852) 2537 8022
brian.paterson@ebacomms.com 
Source: EmailWire.com
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