New York and London, May 25 2004 - Wall Street Systems Inc., a leading
provider of global treasury and capital markets solutions, will demonstrate
the new foreign exchange functionality available in Release 4.1 of The Wall
Street SystemÂ® treasury and capital markets solution at the 7th European ACI
Congress, which takes place in London from 27-29 May. The solution provides
both vanilla and specialized FX capabilities to address every aspect of the
FX business. The major focus of the new release is increased sales desk
functionality and improved performance to handle high transaction volumes
and user levels.
Increasingly financial institutions are focused on client performance
analysis and simplifying workflow for their sales people. Release 4.1
provides enhanced sales trade capture functionality, block trade allocations
features and an improved corporate worksheet including automated trade routing, broker trade splits and time options. There are also enhancements for the calculation, reporting and analysis of sales margins. This new functionality delivers a client-centric decision-support tool to the sales desk to improve client relationship management, support trading strategies and also to enhance real-time risk and performance analysis.
This release also has improved support for Straight Through Processing, allowing further automation of workflow to handle trade events including: partial terminations, pre-maturity and historical rate rollovers. These improvements enable sales desks to deliver new products and administer the
complex trade structures for corporate and other buy-side clients, including
fund managers, who are increasingly using FX as an asset class in its own right.
In addition, the browser-based Internet Extensions module from Wall Street
Systems, incorporates many new features allowing customers to have increased
online interaction. A wide asset class coverage including FX, Money Market and Fixed Income instruments is available in the Internet Extensions module, as well as greater flexibility on client authorizations and controls. This allows banks to build their internet channel capability across all asset classes using an integrated, functionally-rich tool for pre- and post-trade activity.
In response to the growing derivatives market, further enhancements have been made to the FX Options module. The key development is the introduction of 'dashboard' style functionality. This provides a single view for the trader to easily and accurately make risk management decisions and manage portfolios and P&L. A multi-view sensitivity screen has been introduced, which can be configured to show a maximum of six pre-defined risk analytic windows allowing the user to perform multi-dimensional analysis of a portfolio in one view. Full risk analytics on complex option portfolios with 2,000 trades can now be performed in less than 30 seconds. Release 4.1 also provides enhanced support for pricing, algorithms and greeks.
At ACI UK 2004, Wall Street Systems will also be demonstrating its new Collateral Management module, which makes it easy for organizations to extend trading relations with customers, particularly in relation to FX, and easily value any type of collateral in real-time, providing an effective means of managing counterparty and credit risk
Mike Thrower, director of marketing at Wall Street Systems states, "The FX market place is fast paced and always evolving. With the new release of The
Wall Street System, we have focused on performance, increased transaction volumes and a client-centric approach. The Wall Street SystemÂ® treasury and
capital markets solution fully supports all FX instruments from vanilla spot and forwards through to the most exotic structured FX derivatives via a single platform, with full STP and integrated market and credit risk, meeting the demands of all participants in the market."