PRESS RELEASE |
Softek Partners Inc. teams with Wall Street Systems
London and New York, 22 September, 2009
Softek Partners Inc. has teamed with Wall Street Systems
(Wallstreet) to provide WallstreetÕs clients with sophisticated,
full-service integration of its FX trade processing solutions with Wallstreet
clientsÕ own Trading, Analytic, Risk and Compliance systems. Softek PartnersÕ advanced Genesis integration
products, will allow Wallstreet clients to very rapidly deploy
high-performance solutions to link with popular and emerging trading venues,
enabling highly reliable, straight through processing to confirmation and
matching, cash management, cash reconciliation and settlement from
Wallstreet. Solutions are delivered via Wallstreet FX, the front to back
trade processing solution and WallstreetÕs Electronic Settlement Network
(Wallstreet ESN), the pay-as-you-go post trade processing utility for the
capital markets. |
Michael Golding Wall Street Systems Global PR and AR Manager T: +44(0)20 3170 3000 michael.golding@wallstreetsystems.com Peter Hull Softek Partners Inc. Global Business Development T:
+1.845.508.6357 Peter.Hull@SoftekPartners.com |
-END- EditorÕs Notes Wallstreet ESN is an outsourced processing hub for financial
institutions, which eliminates the need for large investments in IT
infrastructure, upfront software license fees and ongoing operating costs.
Wallstreet ESN provides collective processing capacity for its members with
associated economies of scale, introducing a transaction based model for
processing FX, Cash and OTC derivatives. Wallstreet ESN delivers a seamless best of breed solution to
reduce trading costs, offering banks the powerful combination of trade
execution services with an extensive, secure and robust trade processing
solution. Wallstreet ESN is based on a proven trade processing and
settlement platform from Wall Street Systems. Its award winning e-commerce portal
allows bank clients to access their post trade information via the web.
Wallstreet ESN addresses the growing need for banks to increase margins
through greater operational efficiency. |
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Softek Partners provides high-performance interface solutions
that allow banks and financial institutions to rapidly link their trading
systems to sources of trading liquidity and to feed critical processing, risk
and compliance systems. SoftekÕs powerful Genesis interface technology ensures
reliable and efficient processing and delivers the data formatted to the
exact requirements of the proprietary and commercial platforms that support
these firms. SoftekÕs flexible Genesis solutions are
typically implemented in a fraction of the time required by competitive
solutions and without any changes to the customerÕs existing systems. Softek Partners has a 17-year record of providing
best-in-class service to support many of the worldÕs top-10 financial
institutions. SoftekÕs
track-record of providing innovative solutions and top quality support make
it a long-term partner in the evolving strategies of leading firms. |
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About Wallstreet Wall Street Systems (Wallstreet) provides functionally rich,
integrated and scalable solutions for improved workflow, control and overall
productivity for corporate treasury, central banking, FX trading and global
back office operations.
Wallstreet is the market leader in FX trade processing and through its
award-winning products, including Wallstreet Suite, Wallstreet Treasury, Wallstreet
FX and Wallstreet BackOffice, the company processes millions of transactions,
aggregating to trillions of dollars, every day. With
a 20 year heritage, Wallstreet has an outstanding reputation for quality and
responsive service, and prides itself on helping its clients achieve long
lasting benefits and results.
Its 500 employees service over 300 banking, corporate and central bank
clients, operating out of 12 offices worldwide. The company is a privately held corporation, and is
majority owned by Warburg Pincus, a global private equity investor. For more information, please visit www.wallstreetsystems.com. |
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About Softek Softek Partners is a premier provider of
sophisticated, high-performance integration solutions serving the needs of
global and regional organizations in both the developed and emerging markets.
SoftekÕs Genesis interface technology offers unmatched ability to quickly
create and deploy fast, highly reliable interfaces that seamlessly integrate
new and existing trading venues with clientsÕ desk management, middle office,
compliance, and risk management services. Recent new interfaces include the
Chinese CFETS, and Korean KMBC and SMBS, along with popular interfaces for
Bloomberg, ICAP/EBS, HotSpot, FXAll and Reuters. For further information, please
visit www.softekpartners.com. |
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