Wallstreet FX
- 1. Wallstreet FX High performance, real-time trade processing solutions for currency management 00 Month 2006
- 2. Current Industry Trends Volumes are soaring eFX channels Emergence of FX as an asset class Algorithmic trading Growth of FX Prime Brokerage Clients demand more products & services Regulatory and compliance pressures (SOX, IAS39) Spreads are narrowing Pressure to reduce ticket costs
- 3. Benefits Wallstreet FX empowering your business with a sophisticated integrated platform: High volume trade processing platform to support volume growth Substantially drive down transaction costs as volumes soar and margins narrow Provide the best tools to you sales force to expand revenue opportunities Provide full transparency and value added services to your customers Alerts and monitoring tools for management and compliance By delivering: High STP Performance Low Transaction Costs Complete Trade Lifecycle Management Robust, High Volume Infrastructure Global Real-Time, 24/7 Operations
- 5. Customer Case Study Business Challenge The bank was seeking A robust scalable platform to grow their global FX and MM business Flexible and innovative features acquire new clients Key Achievements on Wallstreet FX Consolidated 5 disparate trading applications onto WSS Successfully retired 40 micro legacy applications Consolidated 18 individual databases into 1 1 technical platform 400+ users in 8 global locations Cost savings due to single source P&L Back office savings with single operations process Consolidated view of hedges, positions, P&L Full backup / disaster recovery plan
- 6. Customer Case Study Fifth Third Bancorp, a leading US bank, selected the Wallstreet FX to provide: Flexibility to support the bank’s international expansion Offer new products and services to their diverse customer base Improve operating efficiency with better straight-through processing model “ Implementing The Wall Street System has provided a significant advantage, enabling Fifth Third Bank to retain and win new customers through improved customer service.” Fifth Third Bank
- 7. Customer Case Study Scotia Capital deployed the Wall Street Systems to manage its global foreign exchange trading operations Migrated dealing and sales offices in Toronto, Tokyo, London, New York, Calgary and Montreal onto Wallstreet FX Replaced 4 different trading, limit monitoring, data and transaction processing systems onto the single Wallstreet FX engine Wallstreet FX Internet Trading chosen as their e-FX platform - currently deployed to over 1,600 customers and 3,000 users "We now have a single global engine, facilitating increased informational transparency, scalability and growth across the organization. The Wall Street System has provided us with superior exposure management and business unit aggregation capabilities, improved risk analytics and risk mitigation tools." Barry Wainstein, Vice Chairman and Global Head of foreign exchange and precious metals at Scotia Capital
- 8. Customer Case Study NORDEA, a conglomeration of Nordbanken, Merita, Unibank and Christiania Bank – four major regional banks in Sweden, Finland, Denmark and Norway Selected Wallstreet FX to help create a single brand in the marketplace Single integrated system to automate their foreign currency across four organizations and several satellite offices Enterprise wide platform enabled synergies across business lines to offer value added services to their customers Full informational transparency and real-time reporting of the bank and customers’ risk Efficient STP solution allowed significant savings in technology and operations
- 9. Customer Case Study Deal Service G/L Service SWIFT Service Settlement Service Deal Entry Service IF006 Trades to POSHA Reconciliation IF023 Trade Surveillance IF003 CR IF004 MR Panorama IF018 Internal Trades, KKY IF008 General Ledger IFO12 SWIFT IFO17 LIPO 1F010 Customer postings 1F011 Nestre & Lore positions 1F009 Nestre & Lore postings IF015 Reciprocal reporting IF005 Settlement Risk (GLS) IF019 BIS IF016 RAMA (DW) IF013 FX1 Reporting IF006 EOD positions to POSHA IF026 Small FX Trades from POSHA IF007 Solo FX Trades IF001 Customer database ORD Temporary Customer component IF002 Market Information, Revaluation rates
- 10. Wallstreet FX STP Workflow
- 11. Product Features Instrument Coverage FX Cash Spot, Forwards, Swaps, NDFs, Time Options FX Derivatives Vanilla and Exotic Currency Options Money Markets Deposits, Loans, Call Accounts Vanilla Interest Rate Derivatives FRAs, Interest Rate Swaps, Cross Currency Swaps Listed Futures & Options Currency and Interest Rate
- 12. Product Features Trading Real-time position, P&L and risk analysis tools for traders and money managers Sales Comprehensive pricing and pre/post trade utilities specifically designed to service a broad range of financial and corporate clients with tools for managing sales margins and profitability Limit and risk management Counterparty credit exposures, trader limits, position limits, flexible trade surveillance monitoring, complete with real-time alerts and overage reporting Operations Configurable workflow model for managing settlement, confirmation, payment and cash management processes Accounting General Ledger and transaction level reporting Compliance Complete audit history of trade life cycle and system processes. Open database model to comply with regulatory reporting requirements Integration services Standard market and custom interfaces for seamless integration to external trading venues, 3rd party vendors, in-house proprietary systems and market data providers
- 13. The leader in foreign currency management solutions Over 20 years of experience in building and deploying foreign currency management solutions for a diverse client base Our team of experts is comprised of innovators in the financial services and technology field Voted best system for FX Trading, FX Analytics, and FX Front to Back in Risk magazine’s Annual Technology Rankings Recognized 2 years in a row as the best risk management system in FX Weeks Annual Best Bank Survey
- 14. Wallstreet FX – Fast Facts Wallstreet FX has 5,300 users in 31 countries, processing over 200,000 transactions valued at $1.6 trillion per day. A top 10 global bank processes over 65,000 trades per day at a 96% STP rate. A major North American bank replaced 41 separate trading applications, significantly reducing operational costs by over $7 million per year.