Treasury systems provider Wall Street Systems has formed a partnership with Logicscope, a vendor of automated post-trade notification and automation technology, which will see Logicscope’s TradeSTP post-trade notification software integrated into the Wallstreet FX ASP application. This will enable the clients of Wall Street Systems to receive details of executed trades in real-time, facilitating more efficient STP and enhancing operational risk management processes.
Wallstreet FX ASP offers Wall Street Systems' foreign exchange trade processing platform via a hosted service model. This allows users to run the currency management system on Wall Street Systems' servers rather than their own and benefit from 24/7 application management and support. Logicscope's TradeSTP is a multi-asset trade notification application, which links bank, broker, and ECN liquidity providers with their customers.
"By integrating these two products, our clients will benefit from fully automated, real-time post-trade notification, which becomes increasingly more important as electronic trading volumes continue to soar," says Rick Schumacher, product manager at Wall Street Systems. "Our partnership with Logicscope is intended to further streamline transaction processing - freeing up resources and enabling our clients to focus on their core business activities."
Peter Collins, head of sales at Logicscope, says the alliance makes strategic sense. "TradeSTP is an ideal complement for Wallstreet FX ASP, itself at the forefront of the booming FX trade processing market," he says. "Together we can significantly improve the post-trade environment for our mutual clients. We expect to see demand for our combined offering."
Clients accessing the integrated applications will be provided with fully integrated front-to-back office trade processing services and connectivity to a variety of ECNs, portals and brokers, all within a single hosted solution.