FUNB Buys FSS FX Risk System To Supplement Incumbent C.ats
WORKSTATIONS AND ANALYTICS
First Union National Bank (FUNB) of North Carolina has taken some first steps in its hunt for a suite of risk management applications to support its derivatives traders. As expected, the bank has opted to supplement its incumbent system, supplied by C.ats Software Inc., with specialized systems covering particular trading areas. Specifically, FUNB began this month to equip its options traders -- as well as its back-office staff -- with Financial Software Systems Inc.'s (FSS) foreign exchange
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