Peel Hunt
Peel Hunt – relying on Synergy for CREST & FIN
Challenges
When, in November 2010, the management and staff bought Peel Hunt from KBC, a few challenges arose in ensuring a cost effective, reliable, connection to CREST and to SWIFT for processing of SWIFTNet FIN messages. The new Peel Hunt organisation did not wish to manage an in-house SWIFT solution and a number of options were explored – with the aim of reducing the burden of running a reliable SWIFT infrastructure.
Solution
Synergy Financial Systems were selected to provide an outsourced SWIFTNet FIN and CREST connectivity solution. Synergy’s own ClaritySuite™ thin client applications (MessageMaker for message entry and validation and ClarityInfo for reporting) was deployed as part of the Bureau solution. Peel Hunt’s SWIFT Project Manager, James Warren, commented: “We selected Synergy from a number of providers because they offered the best fit with our plans. Synergy were able to offer the best combination of cost and flexibility to make sure that we achieved our implementation objectives.”
Benefits
Peel Hunt LLP now have a reliable, resilient, connection for SWIFTNet Fin and for access to CREST. This has been provided with annual savings on recurring charges over an in-house infrastructure of in excess of 40%. When these financial benefits are added to the reduction in the burden on the in-house IT team, the savings are substantial. The deployment of Synergy’s ClaritySuite™ thin client suite of applications has also provided benefits. Talking about Synergy’s thin client solutions, James Warren said: “Users have found the applications straightforward to use – allowing them to focus on the business tasks rather than on the technology. From an IT support perspective, we like the fact that these applications are hosted in Synergy’s Service Bureau – meaning that we do not have to manage their environment, updates or patches – delivering further savings in our internal team.”
SWIFT Project Manager, James Warren, commented:
“The Synergy team have been very responsive.
We selected Synergy partly because of their flexible approach.
We are very pleased with the service – they have delivered on their promises.”
About Peel Hunt
Peel Hunt is an independent and full-service broking house with an exclusive focus on UK mid and small caps.
We offer our clients corporate broking/finance, research, sales, sales trading, market making and fixed income services.
Peel Hunt has a unique partnership model with over 75% of equity held by our employees. This powerful model creates a truly collegiate environment in which our staff are aligned and committed to building long-term relationships with clients.
Key facts:-
- Our corporate department has raised over £2.3bn of new equity for our corporate clients.
- We execute over 500k trades per month
- Our sales department has over 400 core UK and US institutional relationships
- Our research analysts cover over 260 stocks
- We make markets in over 2,500 UK instruments
Our experienced and expert teams pride themselves on delivering quality advice, ideas-led research and flawless execution. Peel Hunt brings together the talent and skills of all its departments in an approach we call 'joined-up broking'.
The integrity and transparency of our approach is well respected within the industry, evidenced in the quality of our work and our success in the 2011 Thomson Reuters Extel Survey, where we were ranked 2nd in the UK Small and Mid-Caps category up from 5th place the previous year. We secured top 10 positions in all of our sectors with top 3 rankings in the Financials, Healthcare, Media and New Energy sectors, and ranked 1st in Consumer Goods and Real Estate.