DIGITEC announces back office initiative

Hamburg-based technology vendor DIGITEC, known for the ‘D-3’ FX rate engine already used by a large number of global banks, has started development of a brand new system for settlement of FX and MM trades.

First Published by e-Forex News: July, 2010

DIGITEC announces back office initiative

Hamburg-based technology vendor DIGITEC, known for the ‘D-3’ FX rate engine already used by a large number of global banks, has started development of a brand new system for settlement of FX and MM trades. Architecture and process logics are based on cash flows rather than on instruments and transactions. This allows easy procedures for adding new products and connecting to new front office systems as well as fitness for high volumes. Innovative concepts for flexible queue handling, control panels and  intervention features with re-queuing and de-queuing capabilities will be integrated. One of the highlights is very flexible handling of the SSIs (Standard Settlement Instructions) together with Association Rules that ensures mostly automatic handling and high STP rates.