Fondsfinans to implement TietoEnator's securities trading software
TietoEnator provides the securities trading solution (ProBroker) to Fondsfinans, an independent stockbroker and investment bank in the Norwegian market for financial services.
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The solution will advance Fondsfinans securities operations at the Oslo Stock Exchange and will be entering live service in spring 2008.
TietoEnator's solution handles all aspects of securities operations, from order management and trading through to clearing and settlement. The clear goal is to improve operational efficiency through implementing the new solution. Fondsfinans has a solid track-record from trade sales and broad experience from several large equity offerings. Fondsfinans covers all sectors of the Oslo Stock Exchange. The new contract strengthens TietoEnator's role as a key vendor in the Nordic region for capital markets solutions.
Helene Helvik, Head of Capital Market Sales in TietoEnator Banking & Insurance says: "We are pleased that Fondsfinans trusted TietoEnator to deliver the solution to handle its core business. This increases the number of active installations of ProBroker to eighteen. It is very satisfying to see that we are able to offer a competitive solution that matches the ever more complex requirements in the marketplace and that our strategy for continued investment in product development pays off."