STN Treasury Offers FX Trading for Multi-Bank Consortiums
TRANSACTION SYSTEMS
LONDON--Sungard has developed a product that will enable clients to form multi-bank platforms to trade foreign exchange, money markets and over-the-counter derivatives online.
STN Treasury, a quote-driven transaction system, is currently in beta testing and is expected to be live in a month or two. Shawn McMorran, president of STN Treasury, declines to say which or how many Sungard users are testing it.
McMorran says Sungard built STN Treasury largely using technology available internally, which
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