HelioGraph has entered an agreement with Tokyo-based financial IT supplier NIWS Co. for the distribution of its range of straight-through processing solutions across Japan.
NIWS was previously re-selling a more generic integration product, but the company says industry initiatives such as ISO15022 migration, the move towards T+1 settlement cycles and new Virtual Matching Utilities (VMUs) from GSTPA and Omgeo have created a pressing need for more sophisticated messaging and STP solutions.
After conducting an in-depth review of the market, NIWS decided that HelioGraph offered the most flexible technical solution.
Ikuo Suesada, CEO, NIWS Co, says: "The flexibility offered by their configuration tools, the power of the SwiftReady Gold accredited Message Broker combined with the future-proof nature of their data field dictionary-based single architecture all add up to a very convincing proposition."
Amery Thomas, CEO, HelioGraph, adds: "We see expansion into the Japanese market as a key milestone in the continuing growth of HelioGraph."