Netherlands-based NIB Capital Bank has selected Front Capital Systems' Arena platform to support its credit and interest rate derivatives business.
Jac Besuijen, head of treasury and trading, NIB Capital Bank, comments: "We are looking to expand our credit derivatives and interest rate derivatives trading activities over the next few years and are confident that Front Arena is the most comprehensive solution available."
Gavin Style, global sales director at Front, adds: "Credit derivatives volumes continue to increase exponentially; at the same time banks are trading more complex structures. This has made in-house build solutions based on Excel spreadsheets totally inadequate and banks are now required to implement systems, which can provide a unified framework for pricing and risk management of all credit instruments."