Financial Software Systems Acquires Spot Systems
Financial Software Systems (FSS), a provider of portfolio management software for international financial institutions, today announced that it has acquired Spot Systems, a provider of FX management software and services.
“The addition of Spot Systems will strengthen our presence in North America and further expand our product offerings,” said Gerald Thurston, president of FSS. “The combination of FSS and Spot will provide many opportunities for Spot customers to expand their treasury capabilities beyond FX settlements and accounting.”
FSS supports foreign exchange (FX) derivatives, money market instruments, bonds and equities, and interest rate and equity derivatives. FSS’s Spectrum Treasury System provides front, middle, and back office processing, along with a suite of Internet portals and web-publishing capabilities.