DBS Vickers Takes Spectrum MarginTrac for Swaps Dealing
Financial Software Systems (FSS) has announced that DBS Vickers Securities Singapore has selected its Spectrum MarginTrac product for interest rate swaps.
DBS Vickers will use the software, a straight-through processing platform, as its margining engine for the instrument. It will also handle back office functions, as well as risk management and trade capture.
"We are excited about expanding our strategic relationship with DBS Vickers," says Joseph Kubeyka, managing director of FSS Asia Pacific. "DBS Vickers conducted an extensive review of all the leading interest rate derivative solutions in the market, and selected Spectrum as the best solution fit."
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