ASPone

ASPone expands its team to support new developments

admin — Tue, 08 Nov 2011 11:37:44 +0000

A flurry of recent joiners at ASPone signals an increase in activities around new business in both the financial trading systems and communication network areas.

Alexander Nazarov joins the Moscow office to manage QA activities, adding his banking technology experience gained previously at Deutsche Bank.
Natalie Lim is working in the Singapore team covering network management and provisioning. Natalie brings extensive knowledge of communications in Asia from her previous role at Starhub.
The ASPone Singapore team is also boosted with the arrival of Jennifer Tan as Finance Manager, Asia-Pacific.
Nufraz Nagoor joins the product management team in London having recently relocated from Dubai where he developed technology with Mubasher Financial Services and Nadastra.
Mezbaur Rahman is now part of the ASPone systems support team. He was formerly of Lombard, a subsidiary of RBC.
Bill Pinfold is in the Business Development Manager role having joined in July from Thomson Reuters, with immediate projects addressing the impact of regulatory change on ASPone trading systems.
Meanwhile Moscow based business manager Maria Fedorova extends her remit to cover sales across Europe for financial systems and networks.

“We are really pleased to have recruited such excellently talented new colleagues to support our business growth in serving clients” said CEO Patrick McGrath. “This aids our on-going expansion of our networks and will see the release of new products in the derivatives trading space in due course, to service clients working to comply with Dodd-Frank and MiFID II / EMIR regulations”.

ASPone features at British Bankers’ Association’s IV Annual International Banking Conference

admin — Fri, 08 Jul 2011 07:49:04 +0000

The British Bankers’ Association’s fourth Annual International Banking Conference took place in the Guildhall in London on 29^th June 2011. ASPone were approached and invited to play a key role by providing a contribution on a currently relevant subject. ASPone recorded an interview with ITN discussing upcoming regulatory changes which will impact market structure and trading processes. These changes include the much-awaited CFTC regulation relating to the Security-based Swap Execution Facilities (SEFs) resulting from the Dodd Frank Act. The videoed interview ran on a rolling basis during the conference and was included in a pack sent to BBA members. During the interview, Patrick McGrath, Chief Executive of ASPone Ltd, said that the company is working closely with all its clients on the upcoming changes to ensure they are meeting the requirements in a timely fashion but also allowing them to accelerate into new business opportunities. McGrath said most institutions will have to change their trade reporting processes for interest rate products and that the new requirements will be increasingly complex. Clients may also see change on the voice execution side or with connectivity to clearing counter parties. He then went on to say “regulatory changes should not necessarily be seen as a negative, but rather as an opportunity to explore new business opportunities, perhaps by moving to new asset classes or changing geographical focus. The financial services market is most adept at finding new opportunities to create profits for their companies when new rules and standards are implemented and we’ve seen this in the past. This will continue and I envisage that, with these upcoming changes, we will see significant opportunities open up for our clients as they look to accelerate growth after the regulatory implementation”. At the end of the interview, McGrath said that ASPone has always worked very closely with its clients, has a good understanding of the markets and technology and products which allow the company to be flexible, manage and facilitate change and that ASPone is therefore well placed to meet new market opportunities whether it be new asset classes, new geographies, further regulatory change or new arbitrage opportunities. ASPone Limited is a privately-owned company which specialises in the provision of end-to-end financial IT solutions and services to cover the full trade lifecycle from front-office price discovery to back-office STP confirmation and beyond. ASPone is committed to providing financial institutions with innovative, efficient solutions for their real-time market data and transactional management requirements, hosting services and software application development.

ASPone establishes new Point of Presence in Indonesia

admin — Wed, 15 Jun 2011 12:46:53 +0000

ASPone, a leading provider of trader voice and data services, today announced further expansion of its network as it continues its rapid growth. Building on its existing strength in the Asia Pacific region, ASPone has extended its infrastructure and established its own POP (Point of Presence) in Jakarta. ASPone already has had strong relationships in Jakarta for some time and previously provided its services through local partnerships. Establishing its own infrastructure will enable it to provide an even faster more flexible service to its growing customer base. ASPone has an extensive “on net” community in Jakarta through its local partners and the implementation of the new core infrastructure is a further step in improving the service delivery. Patrick McGrath, Chief Executive of ASPone Ltd, says “Over the last two years we have seen significant growth in the newer emerging markets, particularly South East Asia, and this investment is intended to support banks, brokers and other financial institutions as they continue to extend their trading networks in the region. ASPone is continually working with customers to enhance customer satisfaction and support business development in the region.”

ASPone Gearing Up for SEF

admin — Thu, 19 May 2011 15:12:26 +0000

ASPone Ltd is gearing up for the much awaited CFTC/ SEC regulations relating to Swap Execution Facilities (SEFs) for interest rate and securities based swap derivatives. The final rule issue is due in July and so any organisations involved in trading swaps and delivering associated functionality need to remain flexible and be ready. The exact rules and implementation timescales are yet to be finalised but the impact on organisations dealing with US counterparties is sure to be significant.

ASPone is well placed to assist organisations to meet the requirements and associated deadlines and is already actively engaged with its clients, current and prospective, discussing requirements and potential solutions.

ASPone has a track record as a technology partner and end-to-end trading services provider that positions us to deliver SEF solutions to meet the regulations. The basis for this is the ASPone Transaction Routing Hub, a flexible and configurable middleware platform, which can handle any financial data (from real-time streaming through to historical and reference data) across all asset classes. It supports most industry-standard protocols such as FIX, FAST and Thomson Reuters’ Marketlink. On top of TRH, ASPone provides a number of workflow solutions across the trading spectrum – from pre-trade price discovery, across order matching, DMA and exchange trading through to transaction reporting, order management and portfolio management.

Additionally, ASPone is contributing to SEF related content for the British Bankers Association’s fourth Annual International Banking Conference in June 2011.

ASPone Announces an Upgrade to its Moscow Infrastructure

admin — Sun, 17 Apr 2011 20:33:20 +0000

Source: Finextra.com

ASPone, the Financial IT solutions specialist, announces an upgrade to its Moscow infrastructure as it continues to expand its network services in Russia and the CIS.

Following the successful roll out of its MPLS (Multi-protocol label switching) voice and data network throughout the Asia Pac region, ASPone is continuing to invest heavily in Russia and the CIS. Over the coming months, it will be extending its hybrid platform to accommodate both traditional TDM services and next generation IP services.

“The continued growth in the newer fast growing financial centres such as Moscow, underpins ASPone’s long term strategy to support our customers business growth by providing faster lower cost of entry for the financial community” says ASPone’s Managing Director, Patrick McGrath.

ASPone is already a leading provider of international voice and data network services in the region and has unparalleled local knowledge and a proven track record in implementation, support and service migration.

ASPone is the only international voice and data specialist to have its own local office, infrastructure and data centre. It also offers a local 24/7 bilingual Russian/English speaking helpdesk which provides local first-line support with additional service centres in London and Singapore.

ASPone has a growing local onNET community, including the leading inter-dealer brokers as well as a number of major International and Russian domestic banks, all of whom are now connected into ASPone’s diverse global network.

“We look forward to working with our customers to accelerate growth in these exciting and dynamic new markets” says Patrick McGrath.