STOCKHOLM-based Sparbanken Sverige (Swedbank) has licensed an integrated group of trade processing applications for its New York and London offices from the Frustum Group, a New York-based financial software consultant and vendor.
Once installed, the Frustum systems will automate front and back office processes at Swedbank. The bank will use modules to cover trading in foreign exchange, money market, and fixed income instruments.
Certain derivative instruments will also be covered by the new s
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