Scotia Capital goes live with Wall Street Systems
Scotia Capital has implemented The Wall Street System treasury engine to handle its global foreign exchange trading operations.
Scotia Capital has implemented The Wall Street System treasury engine to handle its global foreign exchange trading operations. Scotia Capital migrated its foreign exchange dealing rooms in Toronto, Tokyo and London to the treasury engine, as well as its regional sales centres in New York, Calgary and Montreal. The system was rolled out across four time zones to the six dealing centres on a single day to ensure a seamless changeover, and replaced four discrete trading, limit monitoring, static data and transaction processing systems.
Steve Middlehurst,<br>COO at Wall Street Systems
Steve Middlehurst, COO at Wall Street Systems, said: "The ambitious single-day roll-out strategy at Scotia Capital involved a great deal of collaboration between our two companies."
Barry Wainstein, managing director and global head of foreign exchange and precious metals at Scotia Capital said: "We now have a single global engine, facilitating increased informational transparency, scalability and growth across the organisation. The Wall Street System has provided us with superior exposure management and business unit aggregation capabilities, improved risk analytics and risk mitigation tools."