Scotia Capital implements Wall Street System's treasury engine
03 November 2003 | 8373 views | 0
Canadian investment banking firm Scotia Capital has deployed Wall Street System's flagship treasury engine to manage its global foreign exchange trading operations.
Scotia Capital has migrated its foreign exchange dealing rooms in Toronto, Tokyo and London to the treasury engine as well as its regional sales centres in New York, Calgary and Montreal. The system was rolled out to the six dealing centres on a single day to ensure a smooth changeover.
The treasury engine has replaced four different trading, limit monitoring, data and transaction processing systems at the firm.
Barry Wainstein, managing director and global head of foreign exchange and precious metals at Scotia Capital, says: "We now have a single global engine, facilitating increased informational transparency, scalability and growth across the organisation.
"The Wall Street System has provided us with superior exposure management and business unit aggregation capabilities, improved risk analytics and risk mitigation tools."