Avaloq, DBS, Leonteq and Numerix partner to create platform for structured products

Avaloq, DBS, Leonteq and Numerix have signed a letter of intent to deploy an integrated multi-issuer investment product distribution system.

Avaloq, DBS, Leonteq and Numerix partner to create platform for structured products

Avaloq, DBS, Leonteq and Numerix have signed a letter of intent to deploy an integrated multi-issuer investment products distribution system (IPDS). Through the collaboration Avaloq will connect the IPDS to the Avaloq Banking Suite, with DBS as the pilot bank.

IPDS will offer access to structured investment products, to be provided by DBS and/or Leonteq, besides allowing clients to avail designated automated services on Leonteq’s integrated technology and product services platform.

The distribution system will act as a web-based solution offering real-time, multi-user, analytics-based product structuring and pricing along with intuitive RFQ and trade and order management workflow provided by Numerix.

The implementation of the IPDS will start immediately with initial focus lying on the Asia Pacific region.

DBS Bank head of treasury and markets Andrew Ng said: “This platform brings together, for the first time, best-of-breed distribution, analytics, wealth management CRM and portfolio management technologies which allows us to distribute and offer structured investment products efficiently and in a holistic manner.”

Leonteq CEO Jan Schoch said: “What makes this platform unique is the fact that it is based on a buy-side approach, providing services to enhance customers’ experience.”