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AFA Systems, the global provider of advanced software solutions for the banking and asset management industries, today announced that Northern Trust, a leading global custody, asset administration, and investment management service provider, has recently gone live with DART Derivatives Manager to support and manage the OIS trading activity.

DART Derivatives Manager is a complete portfolio and risk management solution that enables traders to take a position or portfolio all the way from deal input through risk analysis to back office, settlement and accounting.

Part of the implementation process involved interfacing the Derivatives Manager to the existing risk management process and to the accounts system.

Ruth Colgan, Senior Vice President at Northern Trust commented "We considered a number of applications in the market place to enable us to trade and manage our OIS book. DART was the only application that we found to be versatile enough to integrate with our existing systems and provide the MIS information required."

Henry Umney, DART General Manager, AFA Systems said, "This is an important development for us illustrating our strong capability and commitment to work with our clients and further strengthens the validation of the flexibility of AFA’s DART suite of solutions."