Settlement & Operations Clearing eXchange (SOCX) Announces Operations Outsourcing Capability For Investment Banks and FI's
SOCX – a joint venture between Deutsche Bank and Wall Street Systems – launch their operations outsourcing capability. With Deutsche Bank’s Global Markets unit as its first client, SOCX is able to provide a real alternative to in-house operations, along with enhanced service levels and a significant reduction in costs. The SOCX service encompasses financial products including money markets, foreign exchange, fixed income, and vanilla derivatives. The service is easily scalable to meet a wide range of volume and service requirements.