FLEXCUBE @ Broker debuts at Euronext stock exchange

BANGALORE: i-flex Solutions Ltd. has implemented FLEXCUBE @ Broker to provide

a trading platform for security brokers to trade on the Euronext at the

Amsterdam based ChryosAS@P Services.

The solution, implemented at Amsterdam, is currently being used by two of

Chryos’ clients on the ASP model. The solution will service Chryos’ ASP

clients in the Netherlands. The win is of strategic importance as Chryos is the

first ASP to connect to Euronext and also the first ASP to deploy FLEXCUBE @

Broker on an ASP model.

Europe is a key focus area for i-flex with the company looking to

aggressively expand and consolidate their position in this market. "We were

looking for a product that would offer us the technology to address all our

customer requirements. FLEXCUBE @ Broker on the ASP model enables us to deliver

24x7 availability to our customers, while its ability to handle large

transaction volumes gives us the throughput capabilities we need." said,

ChryosAS@P Services, managing director Hans Hendriks "Additionally, i-flex’s

domain expertise and the commitment of their team made us choose them from other

competing vendors tilting the balance in their favor."

"As the online trading and brokerages space heats up, the right

technology choice becomes the chief driver of success, " said i-flex, CEO

-International Operations and Technology, R Ravisankar. "FLEXCUBE @ Broker

delivers the maximum benefits to both the financial institution and its

customers. The Straight Through Processing (STP) capabilities of the product

architecture handles the entire trading life cycle. The product architecture

plays a pivotal role in reducing cost, improving transactional efficiency and

enhancing customer experience."

FLEXCUBE @ Broker is i-flex’s solution for the newly emerging and highly

competitive space of online brokerage and Internet trading. FLEXCUBE @ Broker is

designed to interface with different market players like stock exchanges,

execution brokers, clearing and settlement agencies, custodians and market data/

news providers. The product’s online order routing and management capabilities

enables banks and brokerage houses to offer their customers anytime - anywhere

trading in multiple instruments, across multiple exchanges, through Internet,

Call Center and Branches.