Hypovereinsbank (HVB) is to implement Front Capital Systems' Front Arena platform to support its equity trading operations, including position keeping, profit and loss, and risk management.
Front Arena will provide HVB with a complete infrastructure for equity and equity derivatives trading, and order management on multiple markets, says the company.
As part of the agreement, HVB will also extend the use of Front Arena to the majority of the bank's interest-rate related trading, representing over 600 users across Munich, London, Vienna, New York and Singapore.
Eberhard Weidner, managing director and chief process manager at HVB says the Front Arena solution was chosen for its performance on volume-based trading and functionality.