Deutsche Bank Connects to SunGard eTreasury eXchange for Straight Through Processing
SunGard Treasury Systems announced Deutsche Bank as its first eTreasury eXchange sell-side participant. The eTreasury eXchange initiative, links SunGard Treasury Systems’ customer base to their financial services providers for cash management and banking services as well as transaction services in a range of financial products. Acting as a liquidity provider, Deutsche Bank will utilize SunGard’s eTreasury eXchange (eTX) to offer online foreign exchange trading execution tightly integrated with SunGard installed treasury systems. SunGard’s treasury systems are currently in operation at more than 1,200 institutions around the globe, including more than half of the Global Fortune 500 companies. Beginning May 2001, Deutsche Bank will be the first financial institution to provide online financial services to SunGard treasury management customers. eTX will provide Deutsche Bank with direct, online access to SunGard’s installed base through a secure network and via the Internet for corporate foreign exchange, trade request and execution.