Infosys Banking Group Acquires Treasury Products Division Of IQ Financial
The Banking Business Unit of Infosys Technologies Ltd has acquired the Trade IQ product division of US-based IQ Financial Systems, Inc. Existing Trade IQ clients of IQ Financial Systems include some of the top tier and largest commercial and investment banks of Europe, Japan and US with installations in Switzerland, UK, US and Japan. The acquisition also provides Infosys’ Banking Group with ready-to-operate offices with employees in London and Tokyo. The suite of products acquired from IQ Financial Systems Inc include , Trade IQ™ – an Integrated Treasury System, Limits IQ™ – Limits Management System and Desktop Risk IQ™. Trade IQ™ is an integrated front, middle and back office system that provides straight-through-processing (STP) and covers money market, foreign exchange, fixed income and their full range of derivatives.