Wall Street Systems and Logicscope Partner on Real Time FX Trade Processing
Wall Street Systems has announced a new partnership with Logicscope. Under the terms of the partnership, Logicscope’s TradeSTP post-trade notification software will be integrated with the Wallstreet FX ASP solution. This is designed to enable the clients of Wall Street Systems to receive details of executed trades in real-time, facilitating STP and enhancing operational risk management processes. Wallstreet FX ASP gives clients the company’s foreign exchange trade processing solution via a hosted service model. This allows them to run the currency management system on Wall Street Systems’ servers rather than their own. Logicscope’s TradeSTP is a multi-asset trade notification solution, which links bank, broker and ECN liquidity providers with their customers. Clients accessing the integrated solution will be provided with front-to-back office trade processing services and connectivity to a variety of ECNs, portals and brokers, within a single hosted solution.