Technology services provider GBST has signed a long-term agreement with ANZ for the implementation of GBST's securities transaction platform, Syn, for the ANZ Global Markets business.
ANZ will use GBST's Syn platform as a complete post-trade, middle and back-office solution.
It would enable ANZ to process all types of assets within one system, including fixed income, treasury, equities and complex over-the-counter derivatives, GBST said.
It will also be used for central reference data management.
GBST said it had several new contracts in the pipeline.
"We have a further three new Syn implementations underway in Asia as well as our first Syn implementation in Australia, all of which are due to go live within the next 12 months," GBST chief executive Stephen Lake said.
"We are very pleased with the momentum we are now seeing in our global broker services division after a period of heavy investment in the product and the restructuring of the business over the past two years.
"We believe the growth in interest we're seeing in Syn validates it as the next generation of technology for clearing and settlement in the capital markets."
The roll out of Syn into the Australian market would continue with client commitments already in place for 2012 and 2013, the firm said.
GBST is delivering Syn to ANZ in conjunction with its Asian distribution and integration partner, Serisys.
