Wynyard signs three-year NZX solution dealMarch 10 - 1pm
Wynyard Group has signed a three-year deal with NZX for its investigative case management solution.
The capital markets operator, NZX selected Wynyard’s software to help centralise data across multiple business units and enable collaborative case management in its regulation and market operations areas.
NZX CEO, Tim Bennett, says NZX operates in a range of markets and the company needed a solution that would suit the individual needs of each business as well as those of the organisation as a whole.
“Wynyard’s solutions are designed to meet the needs of those operating in a wide-range of areas and we are confident that we have chosen a provider that will help us continue to deliver operational and regulatory excellence for our markets,” he says.
“Wynyard’s software will enable our different teams to work together collaboratively and streamline workflow by managing all information and related material from start to finish, which will also improve effectiveness and enable better utilisation of resources.”
Bennett says NZX is committed to a programme of continuous improvement in all aspects of operations that contribute to delivery of fair, orderly and transparent markets and selecting Wynyard’s software is further demonstration to this commitment.
“Wynyard will seamlessly combine data from different sources which will help our analysts to rapidly piece together more threads of information and identify gaps and areas for further investigation of suspicious trading activity,” he adds.
Wynyard Group Managing Director, Craig Richardson, says the company has attracted a number of stock exchanges from around the world and is delighted to welcome New Zealand’s only registered securities exchange as a client.
“Wynyard’s solutions are used by Fortune 500 companies, national security agencies and critical infrastructure operators across the globe,” he says.
“We are fast making a name for ourselves delivering solutions for leading stock exchanges with NZX coming on board and others in the pipeline.
“Securing NZX as a client is further testament to Wynyard’s product leadership and our commitment to delivering solutions to solve problems which continue to grow in scale, complexity and global impact.”
Wynyard currently has a number of stock exchanges and clearing houses in the US, UK and Asia Pacific using its solutions to manage operational risk and the complex environment of ever changing regulations, such as the new Dodd-Frank rules on clearing, reporting and trading.