GBST Syn~TAC SaaS
Fintech GBST has launched an equities and fixed income middle office Software as a Service (SAAS), called Syn~TAC SaaS.
The SaaS middle office performs bookings, allocation, affirmation and confirmation functions for broker dealers. It has been developed in partnership with Amazon Web Services, Inc (AWS) and is supported by leading Electronic Trade Confirmations (ETC) providers SWIFT and DTCC.
The cloud-based offering reduces deployment and running costs, and features advanced voice control. It allows broker-dealers to on-board to Syn~TAC SaaS within days.
“We are proud to be the first vendor to offer a SaaS middle office platform and partnering with AWS means we can provide the very latest in cloud and voice control technology. As our customers look to optimise their cost base whilst managing ever-changing buy-side demands, moving to a SaaS offering makes perfect sense,” GBST head of Asia Pacific, Denis Orrock, said.