India's HDFC Bank has gone live with TreasuryTrader, a high-volume trading system for foreign exchange and money markets from SunGard Trading Systems.
HDFC Bank is using TreasuryTrader’s trade maintenance functionality to handle pre- and partial-Settlement of FX trades. The software provides FX and MM deal capture, position and limits management and is integrated with SunGard’s Panorama risk management solution.
Sudhir Joshi, treasurer of HDFC Bank in Mumbai says: "With our growing business volumes, we required a front office system capable of efficiently processing larger volumes of foreign exchange transactions."
HDFC Bank has corporate trading desks in Delhi, Chennai, Calcutta and Bangalore.