Stockholm-based Front Capital Systems has won a contract with Denmark's third largest bank, Jyske Bank, to support the company's integrated interest rate and fixed income trading activity.
Initially 25 traders at Jyske Bank will use Front Arena software incorporating its powerful trading, hedging, and risk management functionality, with future plans to add more users in interest rate derivatives, fixed income and potentially equity market trading and order routing.
Bent Lykke Madsen, project manager at Jyske Bank, says: "Following a long process of evaluation we chose Front Arena due to its broad and very deep functionality and highly integrated trading technology possibilities."