Financial Software Systems, Inc. ("FSS"), the leading provider of integrated financial software, is pleased to announce that Oversea-Chinese Banking Corporation Limited ("OCBC") has licensed the Spectrum MarginTrac System.
Named the "Best Domestic Bank in Singapore", by AsiaMoney (May 2011) and the "World's Strongest Bank", by Bloomberg Markets (May 2011), OCBC will utilize Spectrum as its collateralized trading and risk system for Treasury clients in Foreign Exchange, FX OTC Options (including exotics), and Non Deliverable Forwards. Spectrum will be utilized for pre-trade and post-trade risk management, collateral management, and Treasury Sales Desk client margin and commission management. The Spectrum implementation will include full integration into OCBC's global risk management architecture.
Joseph Kubeyka, Managing Director of Financial Software Systems Asia Pacific region, noted "We are very excited to expand our strategic relationship with OCBC. By selecting Spectrum MarginTrac, OCBC has decided to make Spectrum and FSS key components of OCBC's long-term strategic technology plan. Spectrum MarginTrac will enable OCBC to deploy our solution on a global basis for both Sales and Trading, while enabling OCBC to quickly offer new and innovative products to their client base."