Financial Software Systems, a leading provider of Foreign Exchange solutions to the broker-dealer market, announced that Royal Exchange has licensed the Spectrum Broker and Spectrum Client Web Portal solutions. Royal Exchange selected Spectrum to support its end to end FX business in Spot, Forward, Swaps, collateralized margin trading and international payments.
Spectrum empowers Royal Exchange to service two different target client markets on a single platform. One segment will use the Spectrum Client Web Portal as their front-end to enter single or bulk uploaded international payments with Request for Quotes (“RFQ”) pricing, combined with real-time views to manage positions, cash flows and transactions, and a complete suite of downloadable reports in a single Web page. The second client segment will be dealing FX on electronic platforms for collateralized margin trading and will have access to the Spectrum Web Portal for real-time position and equity utilization statistics. In either scenario, all client activity will be seamlessly integrated to the Spectrum core solution for efficient STP processing. Spectrum will also be integrated with multiple liquidity providers and payment gateways.
“Royal Exchange entrusted Financial Software Systems to provide the next generation of Web payments services,” said Paul Thomas, Director at Financial Software Systems. “By deploying Spectrum, Royal Exchange can be assured that they have a scalable platform to drive their business forward. The Spectrum Client Web Portal delivers self service capabilities to Royal Exchange clients; clients will be able to perform RFQ pricing, manage their SSI’s, and have on demand access to on-line reporting.”