Bartleet Religare Securities, Acuity Stock Brokers implement Intellect’s Next Gen Brokerage Solution

Wednesday, 28 October 2015 00:00 - - {{hitsCtrl.values.hits}}

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Bartleet MoU signing with Intellect. From left: Bartleet Religare Securities Executive Director Sujeewa Pieris, Bartleet Religare Securities Managing Director Rashiyamany Muralidaran, Intellect Sri Lanka Country Manager Dilshan Rodrigo, Intellect IMEA Markets EVP & Geography Head K. Srinivasan, VP and Intellect Product Evangelist IMEA Dimple Himanshi Gunawardana

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Acuity MoU signing with Intellect. From left: Acuity Stockbrokers CEO Prashan Fernando, Acuity Stockbrokers Chairman/Managing Director Ray Abeywardena, Acuity Stockbrokers Executive Director/Deputy Chairman Deva Ellepola, Intellect VP and Product Evangelist IMEA Dimple Himanshi Gunawardana, Intellect IMEA Markets EVP and Geography Head K. Srinivasan and Intellect Sri Lanka Country Manager Dilshan Rodrigo

Bartleet Religare Securities Ltd., a joint venture of Bartleets, a Sri Lankan conglomerate and Religare, a global giant in the financial arena, and Acuity Stock Brokers, a leading investment bank in Sri Lanka, which is a joint venture of Development Finance Corporation of Ceylon Bank and Hatton National Bank, have chosen Intellect Brokerage, a single integrated trading platform to offer their retail and institutional investors broking and investment services in multiple markets/exchanges.

With seamless integration of front, mid and back-office functions across multiple asset classes, Bartleet and Acuity will have real-time control of business with better risk management features and faster decision making.

Intellect’s Brokerage solution enables the platform that supports real-time, policy based, cross-product risk management and monitoring of positions across various types of investments of trading members of Bartleet and Acuity.Unpredictable market conditions, competitive pressures and growing trade volumes are pushing brokerage houses for an advanced technology solution that can mitigate risks and ensure regulatory control. Intellect Brokerage is uniquely equipped to address these market realities that are forcing the pace of change at financial institutions. It enhances their capability to leverage proprietary technologies and organisational efficiencies, delivering better value to their clients.

“We are delighted to be the partner of choice for Bartleet and Acuity that has a combined market share of over 15%. Intellect Brokerage is a next-gen integrated enterprise-class trading platform hosted through the Software as a Service (SaaS) Model covering asset classes like equities, debt and government securities. We are confident our product will revolutionize the evolving Brokerage industry in Sri Lanka” said K. Srinivasan, EVP & Geography Head, Indian Subcontinent, Middle East, and Africa (IMEA), Intellect Design Arena Ltd.

Intellect has partnered with its regional partner VSIS for the infrastructure installation enabling the hosting services and first-level support.