Under the terms of the Collaboration Agreement, HP and FMS will promote the Solutions to existing and new clients throughout Latin America. HP and FMS will work together, where appropriate, to provide a joint proposal to the client.
'After evaluating several financial products we are pleased to have selected FMS’ UTP as the online trading platform for Capital Markets that we will offer to our clients' said Gustavo A. CÃ³rdova, Latin America Business Developer Manager, HP Complementary Products. 'We look forward to providing our clients with a complete turnkey solution to their online trading needs as a result of our agreement with FMS'
FMS will be presenting its Universal Trading Platform ('UTP') at a forthcoming HP Latin American seminar and educating its sales teams on its functionality and potential uses of the UTP.
The UTP is the central component of all FMS solutions. It was developed as the Next Generation of B2B and B2C Exchange/e-Marketplace Platform. This dynamic web-based platform enables unlimited numbers of simultaneous users to access the system and execute trades on a fully automated basis. The first complete solution was implemented for the Foreign Exchange Market; it is envisaged that this platform will be used for transactions in any tradable financial instrument, making the UTP versatile enough to handle virtually all of a client’s treasury management needs.
The UTP is available to Financial Institutions either as an ASP solution over a secure server farm located in Seattle, or as an internally licensed software solution. The system’s unique design allows for multi-user capability, a feature that, when combined with the virtual market module, will allow users to become market makers and market users.