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CICC Hong Kong licenses Financial Software Systems Spectrum

07 September 2010  |  2822 views  |  0 Source: Financial Software Systems,

Financial Software Systems, the leading provider of integrated treasury and capital markets software, today announced that China International Capital Corporation Limited ("CICC") Hong Kong, has licensed the Spectrum System.

With Spectrum as its new centralized financial system, CICC will have its trading and client-related data in a single integrated data source. Transactions for all asset types will be managed within Spectrum including Foreign Exchange, Equities, Fixed Income, Derivatives, and Funds. Spectrum will be utilized for front-office, middleoffice, and back-office functions including real-time limits and risk management, as well as confirmations, payments and general ledger accounting.

Joseph Kubeyka, Managing Director of Financial Software Systems Inc., Asia Pacific noted, "We are very excited to partner with a premier institution such as CICC. In today's challenging trading environment, Spectrum provides the return on investment required for financial institutions to justify technology projects. CICC's selection of Financial Software Systems and Spectrum further validates our leading position in the Asia Pacific financial technology market.

 

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