Press Release / Business / JSE Listed Sensiple as an Authorized Independent Software Vendor For its ITaC Project!

JSE Listed Sensiple as an Authorized Independent Software Vendor For its ITaC Project!

Sensiple Software Solutions is proud to announce that South Africa’s largest and oldest Stock Exchange, Johannesburg Stock Exchange (JSE) has listed Sensiple as one of its authorized Independent Software Vendor (ISV) after successfully testing the real-time clearing & settlement solutions to manage the post-trade processes for JSE’s ITaC clients. The ITaC project is a multi‐year programme focused on the introduction of an integrated solution for the JSE’s trading and clearing services.
Sensiple’s PHOKAST RTC supports derivatives markets and processes the post-trade services like Deal & Position Management, Allocations, Risk Parameter Maintenance and Margin calculations, Info Subscription, Reference Data, Admin & Error Handling & Replay Request, Member management and Commission Management. It also performs Post-Trade Services for Clearing Member like Clearing Member Balancing and Settlement Management.
PHOKAST RTC solution is an Application Programming Interface (API) developed to work as a User-Interface (UI) to Exchange Real-Time clearing solution. The end users of the product; both Clearing Members & Trading Members will be able to perform end-to-end Clearing & Settlement as well as Deal & Position Management functions respectively. With the Exchange Real-Time Clearing platform, PHOKAST-RTC helps to reduce clearing & settlement life-cycle to near T-0 in today’s competitive marketplaces.
Mr. Kumar Murugan, Managing Director & Chief Operating Officer at Sensiple Software Solutions stated, “We have developed multiple post-trade services for our clientele and we know for sure PHOKAST RTC will influence the market in the forthcoming years and will be our flagship product. It was overall a great experience, and the JSE authorization is a real win for us. Our team strived to implement this efficiently within a few months of given time, and we would like to thank JSE for their kind co-operation.”
On this occasion, Mr. Vijay Gopal, AVP Business & Technology (Capital Markets) commented,” PHOKAST is a maturing, agile & competitive suite of products to meet the high industry standards of comprehensive Clearing & Settlement Solution to Buy-side, Sell-Side & Exchanges/Intermediary institutions. The solutions are attuned to the workflows of individual Institutions and thereby enable Post-trade technologies as a vanguard of SENSIPLE’s innovations. PHOKAST-RTC solution is the frontrunner in PHOKAST cluster, which is built with state-of-the-art technologies and through the vision of Capital Market SMEs”.
Mr. Prabhu, Director of Sales (Capital Markets) at Sensiple explained, “The prompt accomplishment of building PHOKAST-RTC from scratch has validated the 18 years of Sensiple’s efficiency, capability, and expertise. We firmly believe that PHOKAST RTC can bring value to its end users and its seamless integration conformed to the minimum requirements for JSE Integrated Trading and Clearing (ITaC) project.
About Sensiple:
Sensiple is a brand owned by E Pro Inc., a New Jersey corporation, established in 1999. Our footprints around the globe help us to ensure that we consistently maintain our delivery standards. We deliver IT products and services in the areas of Customer Experience, Capital Markets, Digital & Enterprise Transformation, Infrastructure and Independent Testing from ideation to execution, giving our clients an edge to outperform the competition. We do also provide Consulting and Staffing services in these areas.

For more information, please visit www.sensiple.com