The FX Limit Orders Module provides customers (external users) with an HTML-based environment for submitting spot foreign exchange limit orders to a dedicated execution bank. The module provides traders and the sales force (internal users) with a graphic-rich user interface for submitting, accepting, rejecting, passing, monitoring, executing and querying foreign exchange limit orders. The trader interface enables the user to select and sort lists of either outstanding or historical orders, according to all relevant criteria (e.g. currency, value, order type, location, date and counterparty). The trader can also cancel or modify orders through the trader interface.
ACI 2005 will also see the introduction of Wall Street Systemsâ eOperations tool. This new function means that Wall Street Systemsâ banking customers can enable their clients to affirm, confirm, authorize, settle and net trades over the internet. These capabilities are entirely integrated with the Wall Street System workflow and settlement engines. This means that all client actions are logged in the core back office modules and the bankâs back office work load is reduced. Duplicate input is eliminated entirely. When a client performs an action on a trade over the web, the transaction is processed just as if the back office operations user had performed the same action.
At ACI 2005, Wall Street Systems will be exhibiting the FX functionality of the system on stand number A01:10. The Wall Street SystemÂ® treasury and capital markets solution 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 FX market.
Mike Thrower, marketing director, Wall Street Systems said: "FX remains a key focus for Wall Street Systems. This is the seventh successive year that we have exhibited at ACI as we continue to be impressed by the high-caliber FX representatives it attracts from world-class financial institutions. ACI is the perfect arena for Wall Street Systems to demonstrate how we can help financial institutions take advantage of the challenges faced in this fast moving market."