September 2010 - China International Capital Corporation Limited Licenses Spectrum
Financial Software Systems, the leading provider of integrated treasury and capital markets software, today announced that China International Capital Corporation Limited (“CICC”) Hong Kong, has licensed the Spectrum System. CICC has been named the "Best Investment Bank in China" for 6 straight years. With Spectrum as its new centralized financial system, CICC will have its trading and client-related data in a single integrated data source. Transactions for all asset types will be managed within Spectrum including Foreign Exchange, Equities, Fixed Income, Derivatives, and Funds. Spectrum will be utilized for front-office, middle-office, and back-office functions including real-time limits and risk management, as well as confirmations, payments and general ledger accounting.
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July 2010 - Financial Software Systems Appoints Joe Kubeyka Managing Director, Asia Pacific Region
Financial Software Systems, the producer of global Treasury and Wealth Management software,
announces the appointment of Joseph Kubeyka as its Managing Director, Asia Pacific Region. Mr.
Kubeyka will be working from Financial Software Systems' Asia Pacific Regional Headquarters in
Singapore.
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April 2010 - Brown Brothers Harriman Licenses the Spectrum Treasury System along with the Spectrum PARQ Module
Brown Brothers Harriman & Co. (“BBH”), headquartered in New York City, has licensed the Spectrum Treasury
System from Financial Software Systems. BBH will leverage Spectrum to enhance its front-to-back office
Foreign Exchange (FX) dealings in Spot, Forward, Non-Deliverable Forward, Swap, and Option contracts. The
Spectrum PARQ (Pricing, Aggregation, Routing & Queuing) module will provide automation for dealing with
BBH’s global clients’ FX needs. The implementation will incorporate the Spectrum FX Dealing Portal, which will
create a seamless straight-through-processing channel for BBH clients’ FX trading.
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February 2010 - Banco Continental BBVA Licenses The Spectrum Treasury System
Banco Continental BBVA ("Banco Continental"), headquartered in Lima, Peru, has licensed the Spectrum
Treasury System from Financial Software Systems to manage its Treasury, Capital Markets, Private
Banking, and Mutual Fund activities. Banco Continental is Peru’s second largest bank, and one of the
fastest growing financial service providers in South America. Banco Continental has assets of
approximately USD 11 billion, and has over 230 branches throughout Peru. The bank is about 46 percent
owned by Banco Bilbao Vizcaya Argentaria ("BBVA"), headquartered in Bilbao, Spain. BBVA is one of
the largest banks in the world, with assets of over USD 700 billion, and operations in over 40 countries.
Banco Continental is fully integrated into BBVA's global network.
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January 2010 - Financial Software Systems Appoints Steven Mills to Head Global Sales
Financial Software Systems, the producer of global Treasury and Private Banking software, announces the appointment of Steven D. Mills as its Senior Vice President for Global Sales & Marketing. Mr. Mills will be working from Financial Software Systems' headquarters offices in Horsham, Pennsylvania, a suburb of Philadelphia. Mr. Mills joins Financial Software Systems from Misys plc, where he was most recently the Treasury & Capital Markets Business Development Manager for the Americas Region. Steve was instrumental in building the treasury and capital markets businesses for Misys in North and South America and Europe over the past 12 years.
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December 2009 - Credit Industriel Et Commercial Licenses MarginTrac
Credit Industriel et Commercial ("CIC") has licensed the MarginTrac system from Financial Software Systems for use in its Singapore Branch. CIC will use MarginTrac to manage all aspects of collateralized foreign exchange trading for its expanding Asian Private Banking business.
CIC is the fourth largest banking group in France, with over 2,100 branches, total assets of over EUR 250 billion, and a staff of over 24,000. CIC established its Asia Pacific headquarters in Singapore in 1984, and has offices in all major cities across Asia, including Beijing, Hong Kong, Jakarta, Shanghai, Sydney and Tokyo. From its Singapore headquarters CIC offers a wide range of banking products and services, including Private Banking, Corporate Banking and Structured Finance and Treasury services. CIC-Singapore offers its clients across Asia a full range of Treasury products, including foreign exchange, money-market, fixed-income, structured products, and derivatives. All settlement, custodian and other back-office functions across Asia are centralized in CIC's Singapore branch.
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November 2009 - Bank Of Oklahoma Licenses The Spectrum Treasury System And The Spectrum FX Dealing Portal
Bank of Oklahoma (“BOk”), headquartered in Tulsa has licensed the Spectrum Treasury System from Financial
Software Systems. Spectrum will support all of BOk’s Treasury dealings in FX Spot, Forward and Swap contracts,
and OTC FX Options. Additionally, Spectrum will be used to support the bank’s growing Interest Rate Derivatives
business, with support for Interest Rate Swaps, Caps-Floors-Collars and Swaptions. The Spectrum implementation
will include a sophisticated internet portal for FX Dealing which will allow BOk's clients to have an internet channel
for FX trading and FX payments with straight-through-processing for BOk's back-office staff.
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September 2009 - Financial Software Systems Acquires Spot Systems
Financial Software Systems Inc., a leading provider of portfolio management software for international
financial institutions, today announced that it has acquired Spot Systems, Inc., a leading provider of FX
management software and services. The transaction was completed on September 24. Financial terms
were not disclosed. Financial Software Systems (“FSS”) was founded in 1992 and serves a world-class
set of treasury, private banking, prime brokerage, broker-dealer and fund management clients in the
Americas, Europe and Asia. Spot Systems (“Spot”) was founded in 1983 and serves a wide range of
banks in North America
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August 2009 - Standard Chartered Bank "GOES LIVE"
With Spectrum Private Banking Solution
Standard Chartered Bank's Consumer Banking and Wealth Management Group ("SCB")
has implemented the Spectrum Private Banking solution from Financial Software
Systems. This successful project expands SCB's Private Banking business following
the acquisition of American Express Bank in February 2008. Spectrum Private Banking
is a comprehensive solution for managing client accounts and trades, and the
bank's global private banking operations. SCB is using Spectrum Private Banking
to manage its collateralized crossproduct trading business. With this deployment,
Spectrum has become the first commercial implementation of a real-time, cross-product
margining solution in the private banking sector.
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June 2009 - Cantor Fitzgerald Licenses
Financial Software Systems' Spectrum System
Cantor Fitzgerald ("Cantor") has licensed Financial Software Systems'
Spectrum System for managing all of its FX and FX margin trading activities in
its dealing rooms in London, Hong Kong, Toronto and Tel
Aviv. Cantor will use Spectrum's front-office, middle-office and back-office functionality to process all
aspects of its FX spot, forward, swap and non-deliverable forward trading, from deal capture in the front Soffice,
to producing confirmations, payments and general ledger accounting entries in Spectrum's back
office. Cantor will also use Spectrum's powerful credit and collateral engine to monitor and control
counterparty exposures and risks.
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April 2009 - Banco de Credito Panama Helm Financial Services
S.A. Licenses The Spectrum Treasury System and The Spectrum Reporting
Portal
Banco de Crédito Helm Financial Services has licensed the Spectrum Treasury
System from Financial Software Systems for managing its Treasury activities
in Panama, Colombia and the Cayman Islands. Banco de Crédito Helm Financial
Services ("BDC") is headquartered in Bogot, Colombia, and is one
of the fastest growing financial services groups in Colombia. BDC has 39
offices throughout Colombia, and has international operations in Venezuela,
Panama, the Cayman Islands and the United States. BDC provides a wide range
of international banking and private banking services, primarily through its
100 percent owned affiliate, Banco de Crédito Helm Financial Services, Panama
S.A. Financial Software Systems will install Spectrum in BDC's offices in
Panama City, Panama.
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February 2009 - Signature Bank Licenses The Spectrum Treasury
System and The Spectrum Portal
Signature Bank, headquartered in New York, has licensed the Spectrum Treasury System from Financial Software Systems. The implementation will incorporate the Spectrum FX Dealing Portal, which allows
banks and clients a direct channel for trading with straight-through-processing
of transaction Confirmations and Payments. Additionally, the Spectrum Bond Sales
Portal will be used by investment managers at
Signature Securities offices to augment investment capabilities for their clients. Signature will utilize hosting services provided by Financial Software Systems, which will provide the full functionality of
Spectrum to Signature Bank as a completely hosted solution.
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January 2009 - Square 1 Bank Licenses The Spectrum Treasury System and The Spectrum Portal
Square 1 Bank, headquartered in Durham, North Carolina, has licensed the Spectrum Treasury System
from Financial Software Systems. Spectrum will support all of Square 1 Bank's Treasury dealings in FX
Spot, Forward, and Swap contracts, as well as in FX OTC Currency Options and Money Market
instruments. Square 1 Bank has also licensed the Spectrum Portal, which allows
banks and clients to have a
direct channel for trading with straight-through-processing of transaction Confirmations and Payments.
Financial Software Systems will provide Spectrum to Square 1 Bank as a completely hosted solution.
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December 2008 - Financial
Software Systems Appoints Gaston Peralta to Head Latin America Sales
Financial Software Systems, the global treasury and private banking portfolio
software company, announces the appointment of Gaston E. Peralta as its
Sales Manager for Latin America and the Caribbean. Gaston has established
FSS sales operations in Miami.
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October 2008 - London Capital Group "Goes Live" with MarginTrac
from Financial Software Systems
After a very efficient and focused implementation effort, London
Capital Group ("LCG") has placed Financial Software Systems'
("FSS")
MarginTrac system into production. LCG licensed MarginTrac in June,
2008, and began managing all of its foreign exchange trading activities
in MarginTrac before the end of September. MarginTrac is a comprehensive
Client Relationship Management system for foreign exchange, fixed income,
equities and precious metals trading. LCG is using MarginTrac to manage
its trading of FX spot, forward, and swap contracts.
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June 2008 - Financial Software Systems Licenses MarginTrac to London Capital
Group
London Capital Group ("LCG"), a rapidly growing financial services
company specializing in online trading, has licensed the MarginTrac system
from Financial Software Systems. Headquartered in London, LCG provides
a range of financial services to both retail and institutional clients.
LCG provides online foreign exchange trading services to institutional
and intermediate clients under the Capital Forex brand. Under the trading
name of Capital Spreads, LCG provides spread betting products to retail
clients. LCG also provides institutional brokerage services for derivatives
under the name Capital Derivatives.
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May 2008 - East West Bank Goes Live with Bloomberg TOMS and Spectrum Back-Office
East West Banking Corporation ("East West Bank") headquartered
in Makati City in Metro Manila in the Philippines,
has gone "Live" with the Spectrum Treasury Back-Office
System from Financial Software Systems. Of special
significance, the implementation of Spectrum at East West Bank is tightly
integrated with Bloomberg's Trade Order
Management System ("TOMS"), allowing for straight-through-processing
of the bank's FX, Money Market, Fixed
Income and Derivative transactions.
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April 2008 - Standard Chartered Bank Licenses Spectrum Treasury System
Following its acquisition of American Express Bank on February 29, 2008,
Standard Chartered Bank has extended its software license for Financial Software Systems' Spectrum
Treasury System. Standard Chartered Bank has licensed 14 additional sites for the Spectrum system,
and has engaged Financial Software Systems to expand and customize Spectrum to meet the needs of
the bank's rapidly growing Private Banking business. The 14 additional Spectrum sites licensed by
Standard Chartered will complement the bank's initial Spectrum implementations in Hong Kong, Jersey and Singapore.
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February 2008 - Bank of East Asia Licenses Spectrum
Bank of East Asia ("BEA"), Hong Kong's largest independent
local bank, has licensed Financial Software Systems' Spectrum Treasury System to manage all aspects of its Treasury
operations in its Singapore Branch. Not only will BEA utilize Spectrum for managing all front-office,
middle-office and back-office operations for its interbank FX and interest rate trading, but BEA will
also use Spectrum's industry-leading margin trading module to manage its clients' collateralized foreign exchange
trading.
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January 2008 - Volksbank Romania Licenses Spectrum
Volksbank Romania SA has licensed Financial Software Systems' Spectrum
Treasury System. Volksbank Romania ("VBR") will install and utilize Spectrum at its headquarters
office in Bucharest.
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October 2007 - L'udova Banka Licenses Spectrum
Ludova Banka, headquartered in Bratislava in the Slovak Republic, has
licensed Financial Software Systems' Spectrum Treasury System, including
the integrated module to support collateralized trading of foreign exchange instruments. Ludova Banka will utilize Spectrum for front-office,
middle-office and back-office Treasury operations.
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August 2007 - RZB Austria Licenses MarginTrac
Raiffeisen Zentralbank Osterreich AG (RZB-Austria) has selected Financial
Software Systems'MarginTrac system to manage its foreign exchange margin trading business.
RZB-Austria will utilize MarginTrac in its Singapore Branch covering Asia Pacific.
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July 2007 - Lehman Brothers Licenses Spectrum
Lehman Brothers, the New York-based investment bank, has licensed the
Spectrum System from Financial Software Systems. Lehman Brothers will initially use Spectrum in its New
York and London offices to manage collateralized trading of foreign exchange instruments, and to publish
position and profit-and-loss data to its clients over its highly regarded LehmanLive internet platform.
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July 2007 - Volksbank Hungary Licenses Spectrum Treasury System
Volksbank Hungary Private Ltd. ("Volksbank") has licensed Financial
Software Systems' Spectrum Treasury System, including the integrated module to support collateralized trading
of foreign exchange instruments. Volksbank will immediately install the Spectrum software in its headquarters
office in Budapest.
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June 2007 - East West Bank Licenses Spectrum Treasury System
East West Banking Corporation ("East West Bank") in the Philippines
has licensed Financial Software Systems' Spectrum Treasury Back-Office System to complement its licensing
of the Bloomberg front-office Trade Order Management System ("TOMS"). Financial Software Systems
will tightly integrate Spectrum with TOMS to provide highly efficient straight-through-processing for all of
East West Bank's Treasury
transactions.
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October 2006 - FIXI PLC Licenses MarginTrac
FIXI PLC ("FIXI"), a new London-based investment house, which
will specialize in the trading of commodities, financial futures & options, and the complete range of
over-the-counter FX products, has licensed Financial Software Systems' MarginTrac trading and portfolio
management system. FIXI is currently seeking regulatory approval from the U.K.'s Financial
Services Authority to advise clients on investments, arrange deals in investments for clients, and deal
in investments as both an agent and as a principal. FIXI will also seek regulatory approval to hold
and control client money. FIXI's business plan calls for the firm to serve a diversified client base
that includes corporations, financial institutions and high net worth individuals.
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July 2006 - Prudential-Bache Licenses Spectrum Treasury System
Prudential-Bache Global Markets, a unit of Prudential Financial, Inc.
("Prudential"),
has licensed Financial Software Systems' Spectrum Treasury System for use in its London and
New York offices.
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March 2006 - Marex Licenses Spectrum Treasury System
MAREX Financial Limited has selected Financial Software Systems' Spectrum
system to manage all aspects of its foreign exchange trading business. MAREX Financial Limited will utilize
Spectrum in its London and
Geneva offices.
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January 2006 - Barclays Capital Licenses MarginTrac
Barclays Capital, the investment banking division of Barclays Bank PLC,
has licensed MarginTrac, the industryleading collateralized foreign exchange trading system from Financial Software
Systems. Barclays Capital will install and utilize MarginTrac in its London, Singapore and Tokyo offices.
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September 2005 - MAN Financial Licenses MarginTrac
Man Financial has selected Financial Software Systems' MarginTrac system
to manage its foreign exchange and precious metals margin trading business. Man Financial will
initially utilize MarginTrac in its London and New York offices.
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May 2005 - Bank Mega Licenses Spectrum Treasury System
PT. Bank Mega Tbk ("Bank Mega") has licensed Financial Software
Systems' Spectrum Treasury System. Bank Mega will immediately install the Spectrum software in its new dealing
room in Jakarta, Indonesia.
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April 2005 - JP Morgan Chase Licenses MarginTrac
JP Morgan Chase Bank has licensed Financial Software Systems' MarginTrac
to manage its foreign exchange and precious metals margin trading business. JP Morgan Chase Bank will
immediately install MarginTrac in its London, New York, and Chicago offices. MarginTrac will subsequently be
installed in JP Morgan Chase's Hong Kong, Singapore and Tokyo offices.
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September 2004 - DBS Bank (Hong Kong) Licenses MarginTrac
DBS Bank (Hong Kong) Limited has licensed Financial Software Systems'
MarginTrac Trading and Relationship Management system. MarginTrac will
be integrated with Reuters' RET-AD platform to provide DBS with an
integrated solution for managing client accounts, internet trading,
order management, position management, client collateral management,
funds transfers and multi-lingual reporting.
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April 2004 - Commercial Bank of Kuwait Licenses Spectrum Treasury System
The Commercial Bank of Kuwait ("CBK") has licensed Financial
Software Systems' Spectrum Treasury System for use in its headquarters
office in Kuwait. CBK will utilize Spectrum to manage all of its trading
activity in foreign exchange and interest rate instruments. Spectrum
will provide complete processing of all treasury transactions, ranging
from deal-capture in the front-office to confirmations, payments, and
general ledger accounting in the back-office. CBK has also licensed Spectrum's
limits management module for credit risk management in the middle-office,
and Spectrum's FX margin trading module to support the collateralized
trading of foreign exchange. Spectrum will replace a variety of vendor-provided
and internal systems.
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