HVB Group deploys Front Arena

HVB Group deploys Front Arena

Germany's HVB Group is rolling out Front Capital Systems' Front Arena product to 500 positions within its sales distribution, trading, risk management and back office departments.

Under the multi-year, multi-million dollar global agreement, the group will use Front Arena to support its fixed income, derivatives and equities operations.

Furthermore, the companies have formed a strategic development partnership and have agreed to develop a middleware-based component architecture that will support further platform improvements.

Reinhard Eschbach, chief information officer for corporates and markets at HVB Group, says: "Under the agreement, we succeed in securing the long-term efficiency and cost benefits of a 'buy' solution, while also retaining a direct influence on the product development."

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