SinoPac Securities Adopts Bloomberg’s MARS and TOMS to Expand its Business Offerings

Award-winning risk management tools to support the growth of SinoPac’s brokerage and OTC derivative businesses, as well as its expansion into structured products

Taiwan – SinoPac Securities (“SinoPac”), a leading full-service securities firm in Taiwan, has adopted Bloomberg’s Multi-Asset Risk System (MARS) and sell-side trade order management system (TOMS). SinoPac added Bloomberg’s MARS Front Office module following the adoption of TOMS to better manage complex derivatives risks and expand its product offerings. Establishing its core brokerage and OTC derivatives trading services in 1988, SinoPac recently expanded into structured products and other specialist products.

SinoPac was looking for as third-party real-time risk monitoring system to better manage volatile trading conditions. MARS and TOMS provide the firm’s front office and risk teams the tools to make timely decisions with real time data, credit sensitivities and key rate risk calculations for hedging and trading purposes. These tools also help SinoPac support its USD corporate credit business and expand into the structured products market.

“Structured products is a space that is growing rapidly in Taiwan,” said Frank Huang, Head of Fixed Income at SinoPac Securities. “With COVID-19 prolonging the current environment of low interest rates, structured products have become a valuable source of alpha for investors looking at USD investments. Bloomberg’s TOMS and MARS allow us to launch innovative new products and connect with a strong community of counterparties to source pricing. Their tools help us to better understand evolving market conditions and make informed investment decisions.”

He added, “Despite many of our colleagues working remotely these past few months, Bloomberg helped us implement these solutions for us in an efficient and timely manner. We received world class technology support when we needed it most.”

“We are pleased to be supporting SinoPac Securities as they expand into new markets,” said Bing Li, Head of Asia-Pacific at Bloomberg. “Our advanced solutions and network of counterparties allow our global clients to better manage their risk on a seamless and efficient workflow. We look forward to providing the most relevant tools and data to support the growing derivatives market in the region.”

TOMS provides sell-side firms the ability to efficiently manage inventory, risk, P&L, compliance, and straight-through processing for fixed income and derivatives products. The suite also includes market connectivity and trading tools to support a firm’s electronic trading workflow and help align front office risk and trading with middle-office, operations, and enterprise applications in real-time.

Bloomberg’s suite of MARS risk solutions, which are delivered on the Bloomberg Terminal and via APIs, provide risk analytics for cash and derivatives securities. The suite helps traders, portfolio and risk managers manage front office risk, market risk, XVA counterparty risk, credit risk, hedge accounting, as well as collateral and SIMM requirements – all by using a common pricing and data library, providing consistency from front to back. MARS Front Office supports firms with intraday valuation and on-demand risk analytics, advanced scenario and stress test capabilities as well projected cashflows and “PnL Explain” reports.

In recent years TOMS and MARS have won numerous industry awards, among others the Best Sell-side OMS Ranking and the Best Sell-Side Front-Office Platform Award delivered by Waters Technology.

About SinoPac Securities

SinoPac Securities (Asia) Limited is one of the subsidiaries of SinoPac Securities of Taiwan (The “Group”). The Group was founded in 1988 as Taiwan’s first security house listed on the OTC market, with businesses covering brokerage, futures and options, electronic commerce, securities dealing, underwriting, overseas, bonds, and new financial products.

Today, it is a large-scale securities firm with paid-in capital of more than NTD16 billion and 50+ business sites national wide. The Group is the industry leader in brokerage, futures and options, electronic commerce, warrants, and underwriting. The Asset magazine ranked SinoPac Securities (Asia) as Taiwan’s best ETF market maker. The group was also named “The Best Underwriting Company in Taiwan” and “The Best Domestic Equity House in Taiwan” by Finance Asia. These accolades signify SinoPac Securities’ outstanding performance within the field of investment banking and that the company has gained the recognition and attention of foreign investors.

In order to become the industry leader, SinoPac Securities focuses on “innovation and balance” aim to become the best full service securities house and the the leader in electronic commerce, and to rank among the top three in profitability and asset volume by enhancing the efficiency of its brokerage business, building regional fund raising capability to expand the integrated investment banking business in Greater China area, establishing a regional platform to develop the wealth management business, strengthening the strategic operations and risk management of securities dealers’ investments to achieve the company’s vision of being the best securities house in Asia.

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