Chief Executives, Operations Directors and Back Office Managers in the securities industry are facing increasing cost pressures, often driven by the success of their businesses.

As business grows and diversifies the complexity of the products traded and the number of communication channels and counterparties increases; this in turn means that traditional manual processes in the back office are often no longer sustainable.

The lack of a single industry standard for multi-party communication, the use of unstructured communication such as Fax and e-mail, and over reliance on spreadsheets further compounds the problem. Increasing human resources in administration does not provide for a cost effective solution nor go far enough in reducing the commercial risk of failed trades, or ease the monitoring and tracking of your trading positions.

Simplex believes that the solution is automation through advanced technology & communications providing modules and functionality for:

	Electronic Trade Matching
	Electronic Trade Delivery
	Reconciliations
	Automating Corporate Actions
	SWIFT and SWIFTNet Funds connectivity
	Derivatives Processing
	Advanced Financial Middleware
	Managing Market Data
	Managing Market Data

Traditionally the cost of sourcing, acquiring, deploying and maintaining such technology has been viewed as prohibitive, and hence the initial business case for technology enabled automation can be less than compelling.