Kuala Lumpur, October 31, 2002 - Wall Street Systems, Inc., a leading provider of global treasury and capital markets solutions and services, will preview the latest FX enhancements to The Wall Street SystemÂ® treasury engine at the 22nd ACI Asia Pacific Congress, which is taking place in Kuala Lumpur from 31 October to 2 November 2002 (stand # 29). These new enhancements continue to ensure that The Wall Street System treasury engine is a strategic choice for key FX players, providing the benefits of the latest functionality and risk management in a single straight-through processing engine.
Enhancements to the FX module of The Wall Street System treasury engine include:
* Back-to-back trading - This new capability permits dealers or salespeople to pass the risk generated by an external trade onto another dealer, trading location or legal entity automatically from one simple deal input template.
* Improved margin allocation - Sophisticated margin functionality allows for the allocation of two margins for each trade, and for each of these margins to be allocated to multiple owners. Comprehensive margin analysis is also available, enabling margin earnings to be sorted and viewed by salesperson, by customer or by product.
* Introduction of limit monitoring - Comprehensive limit monitoring facilitates real-time monitoring of net open FX positions and net present value limits by the dealer. Risk alert messages are published upon a breach of the limits and graphs can be produced to track intra-day positions against limits.
* Enhanced sales deal capture - The ergonomic deal entry screen, created for the sales desk, allows for the pricing and deal capture of multiple deals, with specific support for investment manager break-out deals.
For the first time in Asia, Wall Street Systems will also be showing the most recent additions to its CLS solution, including third-party functionality. With around 25% of CLS members, including The Royal Bank of Scotland (RBS) and Banco Bilbao Vizcaya Argentaria (BBVA), using The Wall Street System treasury engine to implement support functionality for CLS, Wall Street Systems is continuing to keep pace with CLS developments. Its third-party solution provides banks with the tools to control, monitor, settle and fund third-party CLS positions. Through a web connection, third-party clients are able to access their positions and all their CLS-related information from The Wall Street System treasury engine.
Speaking about the recent enhancements, Mike Thrower, director of marketing, Wall Street Systems, explained: "The FX market continues to be an important area for most of our clients. As the latest FX and CLS functionality demonstrates, we are keen to work with our customers to ensure they have the technology to keep pace with regulatory requirements and developments such as CLS. By helping them achieve a more detailed, real-time view of their positions across the enterprise, our customers can achieve greater levels of control and transparency and manage their risk more effectively."
Wall Street Systems has strategic relationships with many banks in the Asia Pacific region, including ABN AMRO and UOB.