SimCorp, Selkirk in STP Deal With FXall
Online trading portal FXall has announced a deal to provide straight-through processing of FX transactions to customers of both Selkirk and SimCorp, providers of treasury management systems. Customers using SimCorp’s IT/2 and TMS2000 systems and Selkirk’s Treasury Manager are now able to access online deal information from FXall and execute import deals into their treasury system. The deals can than be automatically confirmed and settled in a completely controlled and audited process, FXall sald. FXall added that it has similar arrangements with more than 35 different treasury management systems.