FIIG Securities Taps SimCorp Dimension for Front and Middle Office Operations

FIIG Securities (FIIG), an Australian bond and fixed income specialist, has selected SimCorp Dimension as its new front and middle office platform. The agreement covers investment book of record (IBOR), data management, pre- and post-trade compliance, portfolio management, order management, performance measurement and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.

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Currently managing assets of over AUD 11 billion, FIIG Securities has embedded SimCorp Dimension’s product suite to enable the firm to scale for growth by implementing a high level of integration and Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term across a wide range of business functions.

Australia's largest fixed income provider said that following a rigorous selection process, SimCorp Dimension stood out as the solution best suited to consolidate its system landscape and automate processes across its investment areas.

Commenting on the agreement, Oliver Johnson, Managing Director at SimCorp Asia, said: "FIIG Securities' decision to choose SimCorp Dimension is yet another testament to the growing recognition of our market-leading integrated investment management solutions across Asia and Australia. SimCorp Dimension's depth of fixed income instrument coverage allows us the opportunity to deploy our advanced solutions to better serve FIIG Securities' clients. We are delighted and proud to be selected by FIIG and are excited to work with them to grow their business through our cutting-edge technology."

Jim Stening, founder and Managing Director at FIIG Securities, added: "The choice of SimCorp Dimension is an important strategic step for us and our clients. Following an extensive search process, we selected SimCorp's integrated system as we are confident with SimCorp's ability to provide an innovative, future-proof solution and a strong business case aligned with our vision for growth. Our advisors will continue to provide clients access to high quality fixed income investments and bond financing, but now they will also be supported by SimCorp's scalable, cost-efficient platform."