PRESS RELEASE

 

Softek Partners Inc. teams with Wall Street Systems

London and New York, 22 September, 2009

Softek Partners Inc. has teamed with Wall Street Systems (Wallstreet) to provide WallstreetÕs clients with sophisticated, full-service integration of its FX trade processing solutions with Wallstreet clientsÕ own Trading, Analytic, Risk and Compliance systems.

Softek PartnersÕ advanced Genesis integration products, will allow Wallstreet clients to very rapidly deploy high-performance solutions to link with popular and emerging trading venues, enabling highly reliable, straight through processing to confirmation and matching, cash management, cash reconciliation and settlement from Wallstreet.

Solutions are delivered via Wallstreet FX, the front to back trade processing solution and WallstreetÕs Electronic Settlement Network (Wallstreet ESN), the pay-as-you-go post trade processing utility for the capital markets. 

 

 

Michael Golding

Wall Street Systems

Global PR and AR Manager

T: +44(0)20 3170 3000

michael.golding@wallstreetsystems.com

 

 

Peter Hull

Softek Partners Inc.

Global Business Development

T:  +1.845.508.6357

Peter.Hull@SoftekPartners.com

 

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EditorÕs Notes

 

Wallstreet ESN is an outsourced processing hub for financial institutions, which eliminates the need for large investments in IT infrastructure, upfront software license fees and ongoing operating costs. Wallstreet ESN provides collective processing capacity for its members with associated economies of scale, introducing a transaction based model for processing FX, Cash and OTC derivatives.

Wallstreet ESN delivers a seamless best of breed solution to reduce trading costs, offering banks the powerful combination of trade execution services with an extensive, secure and robust trade processing solution.

Wallstreet ESN is based on a proven trade processing and settlement platform from Wall Street Systems. Its award winning e-commerce portal allows bank clients to access their post trade information via the web. Wallstreet ESN addresses the growing need for banks to increase margins through greater operational efficiency.

 

 

 

 

 

 

 

 

 

 

Softek Partners provides high-performance interface solutions that allow banks and financial institutions to rapidly link their trading systems to sources of trading liquidity and to feed critical processing, risk and compliance systems.

SoftekÕs powerful Genesis interface technology ensures reliable and efficient processing and delivers the data formatted to the exact requirements of the proprietary and commercial platforms that support these firms. SoftekÕs flexible Genesis solutions are typically implemented in a fraction of the time required by competitive solutions and without any changes to the customerÕs existing systems.

Softek Partners has a 17-year record of providing best-in-class service to support many of the worldÕs top-10 financial institutions.  SoftekÕs track-record of providing innovative solutions and top quality support make it a long-term partner in the evolving strategies of leading firms.

 

 

About Wallstreet

 

Wall Street Systems (Wallstreet) provides functionally rich, integrated and scalable solutions for improved workflow, control and overall productivity for corporate treasury, central banking, FX trading and global back office operations.  Wallstreet is the market leader in FX trade processing and through its award-winning products, including Wallstreet Suite, Wallstreet Treasury, Wallstreet FX and Wallstreet BackOffice, the company processes millions of transactions, aggregating to trillions of dollars, every day.

 

With a 20 year heritage, Wallstreet has an outstanding reputation for quality and responsive service, and prides itself on helping its clients achieve long lasting benefits and results.  Its 500 employees service over 300 banking, corporate and central bank clients, operating out of 12 offices worldwide.  The company is a privately held corporation, and is majority owned by Warburg Pincus, a global private equity investor.  For more information, please visit www.wallstreetsystems.com.

 

 

About Softek

Softek Partners is a premier provider of sophisticated, high-performance integration solutions serving the needs of global and regional organizations in both the developed and emerging markets. SoftekÕs Genesis  interface technology offers unmatched ability to quickly create and deploy fast, highly reliable interfaces that seamlessly integrate new and existing trading venues with clientsÕ desk management, middle office, compliance, and risk management services. Recent new interfaces include the Chinese CFETS, and Korean KMBC and SMBS, along with popular interfaces for Bloomberg, ICAP/EBS, HotSpot, FXAll and Reuters. For further information, please visit www.softekpartners.com. 

 

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