17 January 2018
visit www.avoka.com

Equity Financial FX signs for WallStreet ESN

23 February 2011  |  2598 views  |  0 Source: Wall Street Systems

Wall Street Systems ("Wallstreet"), the global provider of treasury, trading and settlement solutions, today announces Equity Financial FX, Inc. ("Equity") as the first Canadian financial services firm, as well as the first FX broker, to sign for its Wallstreet ESN solution.

Equity Financial Holdings Inc. wholly owns Equity and is headquartered in Toronto, Ontario.

Equity will use Wallstreet ESN to provide superior FX services and combine it with their professional expertise to create a winning combination in currency and international payment services. They plan to add a brand new client web portal using Wallstreet ESN's web functionality. The solution will be hosted in Wallstreet's Canadian Data Center in Mississauga, ON with disaster recovery provided by Wallstreet's secondary Data Center in Vancouver, BC.

Mike Thrower, Director, Banking Sales for Wall Street Systems said, "The deal demonstrates Wallstreet ESN's flexibility to address the needs of the rapidly changing and expanding FX market in North America. Again, we proved that Wallstreet ESN enables our clients to overcome the legal, technological and regulatory challenges faced by FX institutions regarding the data privacy and security required of a hosted service. As the first Canadian firm to sign for Wallstreet ESN, Equity is paving the way for other Canadian financial services companies to employ a safe, auditable solution that allows FX Brokers to compete against the top players by reducing the cost burden and opening up access to a highly efficient trade processing infrastructure. It also allows them to scale up their operations quickly and efficiently using a proven hosted model."

Nick Kyprianou, President of Equity states "The solution will allow us to provide our clients with a greater range of services and gain new levels of control over trading operations. Based on close cooperation during the planning stages, we anticipate a very aggressive deployment of the full breadth of Wallstreet ESN's foreign exchange functionality including FX Sales and Trading tools, position management, e-trading, e-operations, back office, SWIFT interface, accounting and more. Wallstreet's hosted offering in Canada and subscription-based pricing were well suited to our aggressive goals to expand our business."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11754 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9916 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9683 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9385 views comments | 17 tweets | 13 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9272 views comments | 14 tweets | 16 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job