Questrade will use Spectrum for position and risk management and complete back-office processing of FX transactions. Spectrumâs margin trading module provides real-time collateral and credit monitoring, position revaluation and calculations of margin requirements. Questrade will further facilitate its growth with corporate clients via Spectrumâs Client FX Dealing and FX Payments Portals.
Ms. Kenann Kelly, New Business Development Manager for FSS commented, âQuestradeâs business requirements were a perfect fit for Spectrum. Questrade selected Spectrum for its robust risk management functionality, margin methodology and real-time limit monitoring. The client-facing features of Spectrumâs web portals were an added bonus as Questrade was seeking to facilitate its clientsâ FX dealing and payment processing. Questradeâs selection of Spectrum was the obvious choice given its reputation in the broker-dealer market as the premier system with off-the-shelf functionality. We look forward to partnering with Questrade as it expands services to its retail and corporate clients.â
Mr. Praneil Ladwa, Project Operations Manager for Questrade commented, âFSS has a proven solution for broker-dealers in the FX markets which is unmatched in the market. The Spectrum System will give us the tools to manage our credit exposure and offer additional value-added services to new and existing clients via the Spectrum Client Portals. Utilizing the experienced Professional Services team and the FSS hosting facility, we expect to roll out Spectrum in a very aggressive timeline.â