SAPHYRE
“ When clients want a new feature , functionality or want to see a solution , Gabino and the team are very quick at bringing it out – within weeks , not months , not years ”
STEPHEN ROCHE PRESIDENT , SAPHYRE
With all these manual processes , people have not appreciated everything outside of trading , and when they did try to address things around trading and operational support , it has been on the post trade side and that ' s what ' s making things all work backwards ,” says Gabino .
“ To be honest , they ' re basically trying to piece together a crashed plane . You cannot fix your failed trades in the post trade as well as if you just prevent the issues from occurring in the first place , in the pre trade . The pre trade has not been appreciated but it ' s just like having a good batting swing – if you have the right fundamentals , you ' re going to be able to hit that ball more consistently , more accurately .
“ And that ' s what we ' re doing here . We try to explain this and some think we ' re trying to boil the ocean . But if you just set things up properly in the pre trade space , we ’ ll realise benefits during trading and post trade . That evangelisation that ' s been occurring over the last five years is being realised over the last 12 months .”
Saphyre is now able to show people the specific benefits in the post trade . While others are struggling to get into T + 1 from T + 2 ,
Saphyre is , in some cases , already achieving T zero . T + 2 means trade plus two days , and has been an accepted standard for decades , for those not familiar with the term .
What that effectively means is that manually putting percentages of a block deal into different pots takes time – so you sit around for two days with nothing to show for your investment .
“ A number of the big institutions that work with us are seeing a potential 70 % operational efficiency , not really changing what they offer their clients , just seeing that operational efficiency gives them a huge gross profit margin and creates a competitive advantage .
“ They can even lower their fees , drive more volume to themselves . That ' s what makes this the hottest fintech product out there .”
It sounds like a classic no-brainer . Partnering with Saphyre can significantly improve efficiency and deliver a competitive advantage . So what would stop someone from joining this endeavour ?
” Politics ,” says Gabino . “ Some people may not understand the vision yet . And trust me , once the other big players announce that they ' re doing it , then the others won ' t want to be left out , to be at a competitive disavantage .
“ It ' s highly regulated , so people are afraid to question these concepts that are out there . But once bigger leaders start adopting the solution and they don ' t want to be left out , they ' re going to be quick to run and catch up with those leaders , so they ' re not left out .”
It ’ s time to form an orderly queue . It ’ s time for Saphyre to shine .