Eurohypo selects Front Arena
Eurohypo, the German mortgage bank created by Deutsche Bank, Dresdner Bank and Commerzbank, has selected the Front Arena IT system to manage its interest rate derivatives, fixed-income, credit derivatives, structured products and money markets trading.
Stephen Butcher, Front Capital Systems' head of operations, said Front Arena should help Eurohypo to realise greater efficiency and profitability.
The terms of the sale were not disclosed.
Stockholm-based Front Capital Systems is an operating unit of Pennsylvania-based IT systems provider SunGard.
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