Capital Market Solutions Company: Case Study with TMA

The global capital markets industry is at a critical inflection point. Rapid technological advances, changing investor behavior, and stricter regulatory frameworks are reshaping how securities are traded, cleared, and settled. Institutions are no longer competing solely on financial products but also on the speed, transparency, and efficiency of their operations.

For capital market infrastructure providers—such as exchanges, custodians, clearing houses, and brokers—technology has become the backbone of trust and competitiveness. The shift from legacy systems to modern, automated, and real-time platforms is no longer optional—it’s a necessity to keep pace with global trends like T+1 settlement, blockchain-enabled trading, and AI-powered reconciliation.

This article is divided into two parts:

• Part 1 explores the overall capital market solutions landscape—what it encompasses, why it’s evolving, and how leading institutions are adapting.
• Part 2 presents a real-world case study of how TMA Solutions partnered with a leading capital market technology provider to modernize post-trade operations, achieve regulatory compliance, and improve efficiency.

1. What Are Capital Market Solutions?

Capital Market Solutions are technology platforms, tools, and services that enable the efficient functioning of securities markets. They are used by exchanges, brokers, custodians, clearing houses, central securities depositories (CSDs), and regulators to handle trading, settlement, and post-trade processes.

They aim to ensure:

• Efficiency – Faster transaction processing with reduced manual work
• Compliance – Adherence to global and local regulatory standards
• Transparency – Clear visibility into trade flows and asset movements
• Resilience – Systems capable of handling peak trading volumes without downtime

2. Core Components of Capital Market Solutions

3. Key Trends in Capital Market Technology

• Real-Time Processing – Shift from T+2 settlement to T+1 or even atomic settlement
• Automation and AI – AI-powered reconciliation, fraud detection, and predictive analytics
• Blockchain & Digital Assets – Tokenization of securities, distributed ledgers for settlement
• Cloud Adoption – Hybrid and multi-cloud architectures for scalability and resilience
• API-First Ecosystems – Open integration with fintech, market data providers, and payment systems
• RegTech – Automated compliance monitoring and reporting

4. Benefits of Modern Capital Market Solutions

• Speed: Reduced settlement cycles and faster reconciliation
• Accuracy: Minimization of human error in trade processing
• Cost Savings: Lower operational and maintenance costs
• Scalability: Ability to handle high trading volumes and new asset classes
• Security: Strong encryption, authentication, and fraud prevention mechanisms

Founded in 1997, TMA Solutions is one of the largest software outsourcing companies in Vietnam, with over 4,000 engineers serving clients in Australia, Singapore, Hong Kong, Europe, and North America.
With a dedicated Fintech Center of 600+ engineers and over 18 years of experience in financial services, TMA delivers end-to-end capital market, banking, payments, and asset management solutions.

Client Overview

A market-leading provider of securities processing and post-trade infrastructure, serving banks, brokers, custodians, and CSDs across multiple asset classes.

Challenges Faced

• Legacy post-trade and settlement systems
• Manual reconciliation processes leading to operational delays
• High transaction volumes across diverse markets
• Increasing compliance requirements with SWIFT, FIX, Oasys, CTM, GETC, and Iress protocols
• Need for real-time integration with global clearing and custody platforms

TMA’s Role

TMA Solutions’ engineering team working with our client to provided end-to-end capital market system modernization, focusing on:
•    Post-Trade Processing – Pre-settlement matching, confirmation, and allocation
•    Clearing & Settlement – Multi-asset, cross-border capabilities with corporate action handling
•    Trade & Accounting – Securities ledger with BI reporting and compliance checks
•    Automated Intelligent Trade Reconciliation – AI and RPA-driven automation

Solutions Delivered

1. Post-Trade Processing
   • Multi-asset pre-settlement transaction engine
   • Integration with CSDs (e.g., SGX), custodians, and multiple trading venues
   • Automated corporate action processing and ledger updates
   • Support for SWIFT, FIX, CTM, Oasys, and other settlement protocols
2. Clearing & Settlement
   • International clearing and settlement platform for equities, bonds, and derivatives
   • Cross-border settlement workflows optimized for speed and compliance
   • Corporate action management for dividends, splits, and rights issues
3. Trade & Accounting
   • Flexible securities ledger with position management and asset servicing
   • Embedded BI tools for trade analytics, compliance checks, and auditing
4. Automated Intelligent Trade Reconciliation
   • AI-powered reconciliation between front-office and back-office systems
   • RPA for exception management and issue resolution
   • Reduction in reconciliation time from hours to minutes
      

Key Results Achieved

• 50% faster settlement and reconciliation processing
• 70% reduction in manual intervention
• 99.99% uptime with disaster recovery readiness
• Compliance with global settlement standards and local regulations
• Scalable infrastructure for future digital asset settlement

Why TMA?

• Deep Domain Knowledge – 18+ years in fintech with multiple capital market projects delivered
• Technology Expertise – AI, RPA, blockchain, and high-availability system architecture
• Proven Integrations – SWIFT, FIX, Oasys, CTM, and multiple CSDs
• Scalable Delivery – 600+ fintech engineers with flexible engagement models

Conclusion

This case study demonstrates how TMA Solutions transformed a leading capital market infrastructure provider’s operations into an automated, scalable, and compliant post-trade ecosystem. With TMA’s domain expertise, advanced technology stack, and proven integration capabilities, the client is now prepared for real-time settlement and emerging digital asset opportunities.