Even with the opportunities that arrive in 2010 because of the implementation of SEPA and MiFID, the changeover does present the problem of smaller companies getting lost in the cracks. Small technology players whose products and services are set to become valuable due to regulatory changes will be highly effected in the transition as the larger financial institutions require suppliers to be a certain size to meet with internal compliance issues. To ensure that all potential organizations are included, CMT acquires and consolidates smaller companies which can then be integrated into the transition. Through our consolidation, a small or medium sized company has access to capital for growth.
Companies that we secure are those with a relevant customer base, found in divisions such as consultancies and financial tech support providers. Our banking sector focuses on wholesale and corporate payments technology companies whose clients will be affected by SEPA and our securities sector directs companies with pre-trade and post trade processing technologies. CMT also addresses integrating companies that know how to migrate customers to centralized payments and trade processing environments. We have also acquired content companies whose products and services can be delivered on an outsourced platform.
Included in the companies that we have accrued are Simplex Consulting, Strike IT Services and iBase Solutions.
Simplex Consulting is a financial technology consultancy that focuses on business change, systems implementation and Straight Through Processing (STP) in corporate treasury marketplaces.
Strike IT Services specializes in recruiting technical IT staff worldwide. We provide our top blue chip clients with the perfect candidate from 1st line support to board level directors.
iBase Solutions handles foreign exchange portfolio and both on-shore and off-shore funds.