Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced that it is offering financial services businesses an advanced FX transaction performance solution running on Sun Microsystems Solaris 10 Operating System (OS).
This is designed to improve operational and business process efficiencies, as well as to increase margins. The offering addresses the challenges presented by soaring trading volumes, the need to offer more products and services to clients and regulatory and compliance pressures.
By implementing Wallstreet FX software on the Solaris 10 OS with the Solaris Cluster software, Wallstreet offers customers an excellent level of system availability. Using Wallstreet FX, the front-to-back solution for complete trade lifecycle management, financial institutions are able to simultaneously decrease processing time for FX transactions and increase business process efficiencies. Other benefits include the ability to analyse risk in real-time, integrate with a wide variety of applications and proprietary systems and adapt to an ever-shifting regulatory environment through comprehensive audit histories.
"Today's complex global FX trading market is driving an increasing number of financial institutions to take stock and address the multitude of challenges they face through ever more innovative technology solutions," said Rick Schumacher, head of products, Wall Street Systems. "This means that vendors are being asked to develop solutions which can keep pace with the rate of change while making the most of existing assets. We believe that Wallstreet's offering on Sun products puts us in a strong position to help clients respond to what is an indisputably tough environment."
Juan Carlos Soto, vice president of Global Market Development and Engineering, Sun, commented: "Both Sun and Wall Street Systems have extensive experience working with financial services businesses. Wallstreet's expertise in building foreign currency management solutions, and Sun's high performance network computing systems and commitment to helping companies launch sophisticated next generation services will provide an ideal platform for an advanced FX transaction processing solution such as this."