SEB links to Trema FX Transaction Hub
07 December 2001 | 3420 views | 0
SEB Merchant Banking is upgrading its global foreign exchange Internet trading platform to provide direct connectivity with Trema's Transaction Hub Service.
Mutual SEB/Trema clients executing trades through the bank's Trading Station will now have their positions updated automatically on a real-time basis in Finance Kit, Trema's treasury and risk management system.
The technology has been deployed at a number of SEB's clients, including the treasuries of Ericsson and ABB in Singapore.
Lars Friberg, head of global foreign exchange at SEB Merchant Banking, says: "SEB has seen strong growth in electronic trading and the SEB Merchant Banking e-platform, Trading Station, currently accounts for more than 36 per cent of trades. Trema's Transaction Hub Service brings a lot of value to our joint customers."