The UK's Stroud and Swindon Building Society is to implement the Dart+ Pricing module from London-based AFA Systems for derivatives pricing in the corporate treasury.
Dart+ Pricing was selected as a stand alone application to increase front office pricing functionality for interest rate derivatives.
London-based AFA says the software complements the society's existing treasury system by providing a real time price discovery system that delivers faster and more accurate trade analysis, including revaluations.
In additon to the initial implementation, the vendor will deliver support services to the society on an ongoing basis.
Terry Jordan, senior manager, treasury, Stroud and Swindon Building Society says: "As a company we decided to invest in Dart+ Pricing because of the extensive functionality provided today."
The Dart product suite is a range of products and services relating to pricing and risk management, systems development and training for the global derivatives marketplace.