11 Jan
News

Software Data Service GmbH is further expanding its market share in Germany

With the transfer of the securities processing of Commerzbank to HSBC Transaction Services, a significant percentage of the German transaction volume will be settled with the SDS security processing platform GEOS.

With the transfer of the securities processing of Commerzbank to HSBC Transaction Services, a significant percentage of the German transaction volume will be settled with the SDS security processing platform GEOS.

The cooperation with Commerzbank almost doubles the transaction volume of HSBC Transaction Services processed via GEOS. This makes SDS Software Data Service one of the largest providers of standard software for the financial industry in Europe.

GEOS covers the entire value chain of the securities business, from securities orders through settlement to the processing of corporate actions (such as paying a dividend) for a wide range of securities classes in one solution. The range of services is supplemented by software solutions for compliance with regulatory requirements such as MiFID II, CRS, FATCA, QI and MAD / MAR.