Chicago-based custodian Northern Trust has implemented AFA Systems' portfolio and risk management tool, Dart Derivatives Manager, to manage its OIS trading activity.
Dart Derivatives Manager is a complete portfolio and risk management system that enables traders to take a position or portfolio all the way from deal input through risk analysis to back office, settlement and accounting.
As part of the implementation, the software has been interfaced to Northern Trust's existing risk management applications and accounts systems.
Ruth Colgan, SVP, Northern Trust, says "We considered a number of applications in the market place to enable us to trade and manage our OIS book. Dart was the only application that we found to be versatile enough to integrate with our existing systems and provide the MIS information required."