Wall Street Systems Unveils ASP FX Trade Processing Service
Wall Street Systems has announced the availability of Wallstreet FX via an ASP delivery model, which is also described as software as a service (SaaS). By opting to run this solution for currency management on Wall Street Systems’ servers rather than their own, banks gain quick and easy access to customised, real-time trade processing services with continuous application management and support. In addition to potentially reducing implementation time, the solution is sold on a transaction-based pricing model that allows clients to pay according to their use of the system, rather than paying upfront licence fees. The solution has achieved SAS 70 certification, ensuring that clients needing to achieve compliance with regulations such as Sarbanes-Oxley have complete transparency and control over their operations. It can be integrated with other front and back office systems and the system’s STP performance should enable banks to reduce transaction costs.