News Release - 20 April 2009
Leading Global Swiss Bank Extends Use Of PROactive™ Conversation Checker
A major Swiss bank has extended its use of PROactive™ Conversation Checker to more international locations running out of its global hubs in the US and Singapore. The solution has been successfully operating for three years in the main dealing locations of New York, London and Singapore. The bank chose PROactive™ Conversation Checker to increase efficiency and decrease operational risk by automating and centralizing control of conversational dealing from varied electronic trading sources. User-friendly screens and intuitive data flows ease the process of automatically storing, analyzing and reconciling conversations with tickets from Reuters, EBS, Bloomberg and other online trading systems. Costly errors and manual processing are reduced: missed trades are highlighted and non-trade related conversations are managed automatically.
Janet Yagle, the Managing Director of City Networks Inc. noted: “We are confident that Conversation Checker’s ability to enhance operational risk management by providing electronic STP for conversational Reuters trades will complement our clients’ business strategies. The improvement in operational efficiency is further increased with the automated processing of FX Options where the trader has to book trades manually. The complexity of these Options conversations assures an even higher return on investment for our customers.”
