Barclays Wealth Goes Live Using DealStation for Structured Products in Partnership with AGDelta

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AGDelta and Barclays Wealth announced last week the Go-Live in Hong Kong and Singapore with DealStation – AGDelta’s Multi-issuer Platform for Equity Linked Structured Products.

We are extremely excited to have the DealStation launched in Hong Kong and Singapore, in cooperation with AGDelta, the technology partner, and our valuable trading counterparties.

The mandate focused on improving efficiencies by eliminating manual email pricing processes, with an electronic platform to support requests for quote/execution to an extensive panel of trading counterparties and a wide universe of product payoffs. To date, no current structured products platform has gone live with such an extensive panel of counterparties and coverage of product offerings.

Unique elements of this initiative include streamlining workflows between RMs and dealers, and between dealers and issuers. This involved normalising communication standards across many global issuers not just for quotes/requests for execution, but also processes, documentation & events during the pre-trade-post trade lifecycle with a comprehensive electronic workflow supported across structured products and note/OTC derivatives payoffs.

Irene HY Chen, Barclays Wealth Head of Structured Products AMEA commented. “We are extremely excited to have the DealStation launched in Hong Kong and Singapore, in cooperation with AGDelta, the technology partner, and our valuable trading counterparties. The platform was already comprehensive and best in class, but we also had elements that we believe were specific to Barclays that we wanted to carefully embed to ensure we create maximum value- add to the business. The Structured Products business in Asia for Barclays has achieved tremendous growth in the past 5 years and we believe this new innovative platform will further enable us to scale our business.”

Rob Saly, AGDelta’s Chief Product Officer on the launch commented “We are thrilled AGDelta is playing an important role with a distinguished customer like Barclays Wealth. This marks the successful launch of the first phase of a larger plan to add value to this client partner as they scale their business in the region. We look forward to partnering further with Irene’s business and new industry platform initiatives that add further standardization and value to all industry participants”.

The DealStation module that went live is part of AGDelta’s award winning digital wealth investment, workflow & compliance platform, which is in production with thousands of bankers, across all asset classes, retail, wealth and private banking segments in over 15 markets globally.

Find out more about AGDelta, please visit: http://agdelta.com/

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Yuan Zhang
AGDelta
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