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Wall Street Systems introduces ASP for the back office

01 October 2007  |  3876 views  |  0 Wall Street Systems introduces ASP for the back office

US-based trading and treasury systems vendor Wall Street Systems has unveiled an ASP version of its back office clearing and settlement system at Sibos, citing the possibility of reduced implementation time and operating cost as the reasons for the release.

The Wallstreet BackOffice ASP is offered on a volume-based transaction pricing model. The vendor says it is targetting firms with high processing volumes, particularly those banks looking to get quickly involved in high volume currency network trading.

The product also has a number of new features including extra tools for workflow, global cash management, liquidity injections, intervention analysis and credit derivative processing.

Addiitonally Wall Street Systems has enlisted the help of an external visual and ergonomics design company to redesign the user interface and make it "specifically ASP-oriented" says the vendor.

The ASP is hosted at a Savvis Class A data centre in an SAS type II operating environment to ensure disaster recovery capabilities and Sarbanes Oxley compliance.

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