Singapore’s OCBC signs technology deal with FSS
Oversea-Chinese Banking Corporation (OCBC), the Singapore-based financial services group, has entered an agreement with Financial Software Systems (FSS) for its foreign exchange margin trading business.
MarginTrac is capable of handling more than ten thousand transactions a day across multiple financial centres. Trades covered include foreign exchange spot, futures and options contracts.
FSS said it does not sell ‘off-the-shelf’ software, rather it tailors packages to the needs of its client. As such MarginTrac will integrate with OCBC’s existing software, Silverlake, the software company said. This should ensure a minimum delay in getting the system up and running.
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