Bank Julius Baer Implements Internet Trading Solution from Wall Street Systems
Bank Julius Baer is using the FX – Web solution from Wall Street Systems to give its internal asset managers direct access to its trading environment via a web-based tool. The service will be made available to Bank Julius Baer’s external asset managers in the next phase of this project. The bank hopes to increase productivity of its FX sales desk by eliminating the need to enter trades and transactions, which had become an issue following Bank Julius Baer’s recent purchase of three private banks. Wallstreet FX – Web accepts rates from third party feeds and calculates margins when quoting prices in real time. The bank’s asset managers can also execute small to medium sized transactions and allocate trades.