Singapore’s OCBC signs technology deal with FSS

OCBC will deploy Pennsylvania-based FSS's MarginTrac – a straight-through-processing system for foreign exchange transactions. The system should go live in a matter of months, according to FSS.

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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