ObjectWay Securities is a solution of the SMIT2 product family. It is multicurrency, multilingual, modular, flexible and extendible and is constructed on secure and scalable service-oriented architecture.

The solution has the following middle & back Office functions regarding securities processing:

• Account postings;
• SWIFT confirmations and settlements;
• Securities master data integrated with information providers;
• Securities administration: coupons, dividends, corporate actions, etc.;
• Fee calculations;
• Taxation, Legislative Decrees 461, 239, 77, 323, IRS;
• Bank of Italy, Consob and Financial Intelligence Unit reports;
• Order book;
• Audit & Compliance
• Customer account operations (transfers, openings and closings, pledged accounts);
• Administration of proprietary securities;
• MiFID compliant systematic internaliser mode.

The solution’s strong points are:

• Its rational design and the experience that has been incorporated in the platform in the form of parameter-regulated behaviour that makes it possible to quickly implement new products and services;
• The ability to group and manage all types of fees by class that can be customized by ignoring one or more aspects thus providing the necessary flexibility for a personalized one-on-one service that is, at the same time, efficient;
• The service oriented, uniform architecture of the application makes all data unique and assures the rapid propagation of events. Users work on a common platform that is shared with their colleagues and customers;
• The GUI and the enormous processing and modelling library increase the productivity of back office staff thus reducing operations costs;
• The SOA architecture, with hundreds of functions displayed in the form of Web Service, means that the solution can be rapidly incorporated in the client’s application ecosystem.

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