TCS Implements Automated Trading System for Daiwa Securities SMBC
System Scalability across Diverse Securities Trading Environments
Tokyo, Japan / Mumbai, India, August 6, 2009: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NI), a leading IT services, consulting, business solutions and outsourcing firm, today announced that it has simultaneously implemented anautomated trading system for Daiwa Securities SMBC (Daiwa) across multiple markets in the Asia Pacific (APAC) region including Tokyo, Hong Kong and Singapore.
Daiwa expects the newly introduced automated trading system to reduce cycle times while increasing trading volumes, and that it will offer customers increased profitability afforded by access to automated trading strategies.
The automated system employs essentially the same applications for each stock market and its simultaneous deployment was made possible through the use of TCS’ Global Network Delivery Model™. The trading system’s adaptability to such diverse stock market systems bodes well for its future expansion into other markets.
TCS mobilized 100 engineers over a one year period, working in tandem with Daiwa’s project team from the gathering and analysis of system requirements to system implementation. TCS ensured effective project management and addressed requirements for industry specificity by assigning a group of engineers and functional consultants, well-versed in the operations of securities markets. To ensure the successful deployment of Daiwa’s first large scale offshoring initiative, periodical visits to the TCS offshore facilities by Daiwa representatives were arranged throughout the development process.
“Economic growth, particularly in Asia, has seen the expansion and globalization of stock markets accelerate phenomenally,” said Mr. Koji Murasato, General Manager of the Information Technology Department, Daiwa Securities SMBC. “In adopting TCS’ trading system for key markets such as Tokyo, Hong Kong and Singapore, we placed a strong focus on the system’s scalability. We believe introduction of the new automated trading system will allow us to not only comfortably handle continually expanding trading volumes, but also allow us to offer customers the benefits of complex trading strategies. Another key benefit we see is the significant reduction in development costs, achieved through simultaneous deployment across multiple markets.”
“TCS has over 20 years experience in providing innovative, high value-added solutions to the Japanese market,” said Masahiko Kaji, President, TCS Japan. “This new partnership with Daiwa Securities SMBC is recognition of TCS’ world-class capabilities and ability to provide global best practices, customized to Japanese customer needs, to achieve winning results.”
About Daiwa Securities SMBC
Daiwa Securities SMBC, Japan’s first wholesale investment bank, was born in 1999 of a strategic alliance between Daiwa Securities (the present-day Daiwa Securities Group) and Sumitomo Bank (the present-day Sumitomo Mitsui Financial Group).
Since then, Daiwa Securities SMBC has accumulated a solid record of performance in a wide range of areas – starting with investment banking activities – by not only expanding existing operations in the equities and fixed-income areas but also by leveraging the strengths derived from the strategic alliance. Going forward, Daiwa Securities SMBC will leverage our strong business network and our expansive network of locations both within and outside Japan as a foundation from which we will pursue further growth.
For more information on Daiwa Securities SMBC please visit: http://www.daiwasmbc.co.jp/english/index.html
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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