DBS, Avaloq, Leonteq and Numerix have signed a letter of intent for the implementation of an integrated multi-issuer investment products distribution system (IPDS).
Under the agreement, the web-based IPDS will feature structured investment products from DBS and Leonteq. The platform will also leverage Numerix's capabilities to offer real-time, multi-user, analytics-based product structuring and pricing, as well as request for quotation (RFQ) and trade and order management workflow. Besides that, it will provide designated automated services on Leonteq's integrated technology and product services platform. Since the IPDS will be connected to the Avaloq Banking Suite, it will allow straight through processing (STP) of trades too.
According to a joint press statement, the co-operation complements the business strategies of the four partners in terms of their respective existing product and service offerings. It also builds on Avaloq's industry leadership and growth strategy, as well as Numerix's aim of being a leading provider of cross-asset analytics for derivatives valuations and risk management in the region.
For DBS, the collaboration will enhance the offering and distribution of its structured investment products. "Through this initiative, we hope to broaden our customer base and deepen our service offerings," said Andrew Ng, head of treasury and markets of DBS. "This platform will bring together the best-of-breed distribution, analytics, wealth management CRM and portfolio management technologies to allow us to distribute and offer structured investment products efficiently and in a holistic manner."
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