Germany-based DekaBank has gone live with SunGard Investment Management Systems' portfolio management solution Decalog for front to back office straight-through processing (STP).
The solution has been deployed at Deka Group's Luxembourg and Frankfurt offices to support asset allocation, portfolio modelling and order workflow.
SunGard says that DekaBank, which is jointly owned by the German Landesbanks and the Sparkassen (savings banks), also intends to implement the Financial Information eXchange (FIX) protocol for market connectivity.
Dr. Wolfgang Leoni, member of the management board, Deka Investment GmbH, says the solution was chosen to support research, portfolio construction and the implementation of a trading desk.
"Decalog offers extensive functional coverage for portfolio modelling, trading and decision support and helps us achieve operational efficiency," adds Leoni.