19 October 2017
visit www.avoka.com

BHF Bank live with SunGard Futures' Octagon

13 December 2004  |  2764 views  |  0 circuits

Germany-based BHF Bank has deployed SunGard Futures Systems' Octagon software to support its futures and exchange-traded derivatives processing operations.

Octagon is a trade management, processing and accounting system for exchange-traded derivatives, futures and options.

The bank is using the system to perform high volume processing, serve Eurex non-clearing members and support its expansion into new markets.

Vincent van Lith, MD, BHF Bank, says: "We needed a solution that could effectively support our tremendous growth and expansion in spite of a complex processing environment, while also providing greater efficiencies, economies of scale and reduced operational costs."

Van Lith says the Octagon system also provides a real-time online history, which will soon be a legal requirement Germany.

SunGard says the bank also uses its WorldSource for global daily market and revaluation data, and Global Margin Server (GMS) for initial and variation margin calculations, which integrate with Octagon to provide a straight-through processing operating environment.

Dutch banking group ING recently agreed to sell its BHF Bank subsidiary to Sal Oppenheim for EUR600 million.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard Futures launches hosted version of Octagon

SunGard Futures launches hosted version of Octagon

03 March 2004  |  3037 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15649 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8810 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7912 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7051 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6180 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job