HSBC live with Rolfe & Nolan virt-x solution
15 May 2003 | 3236 views | 0
HSBC Bank has implemented Rolfe & Nolan's virt-x processing solution at its UK operations, allowing for the clearing and margining of transactions conducted on the pan-European screen-based exchange.
The solution is part of the vendor's back office package RANsys.
Greg Totts, global clearing services director, HSBC's treasury and capital markets, says the bank's ability to clear and margin transactions from day one will enhance the multi-product services provided to clients.
Virt-x is a collaboration between TP Group LDC - comprising of 11 investment banks, money managers and ECNs - and the SWX Swiss Exchange.
The SWX Swiss Exchange made an offer in December to take full control of virt-x.