IDB Bank® has licensed the Spectrum Treasury System from Financial Software Systems to integrate its trading activity onto a single platform. The bank provides a complete range of personal and commercial banking services for both domestic and international clients.
Spectrum Treasury is a comprehensive position management solution offering complete trade lifecycle management. Spectrum Treasury supports multiple asset classes including foreign exchange, money market instruments, fixed income instruments, equities and derivatives.
Spectrum Treasury is built on Microsoft's .NET platform, which facilitates transaction and position monitoring in real-time. Transactions captured in Spectrum Treasury are instantly reflected in position, P&L, cash flow and interest rate risk blotters. In the middle-office Spectrum Treasury provides real-time credit risk management through pre-trade and post-trade credit limit checks.
Mr. Louis Turano, First Vice President of IT for IDB Bank® commented, "Spectrum was selected for its comprehensive functionality, its client facing web services and its experienced and knowledgeable support staff.”