Tech briefs

BGB installs Trema’s Finance Kit

Bankgesellschaft Berlin (BGB) has gone live with Finance Kit from Swedish technology vendor Trema to streamline back-office processing and reduce costs, said Trema.

BGB has linked the tool to more than 20 internal systems, across its front, middle and back office.

It covers a range of asset classes, including FX, deposits and loans, and replaces an unnamed system.

BGB also uses the software as a permanent settlement system, importing all reconciliation items from other payment systems and performing settlement management reconciliation procedures, said Trema.

Credit Lyonnais adds e-FX charting

Credit Lyonnais has added WebLink, an online charting and analysis tool from UK vendor TraderMade, to its global FX platform.

Using WebLink, a browser-based product, users – typically analysts – at Credit Lyonnais can access and update real-time charts and analysis via the bank’s website. Paddy Osborn, sales director at TraderMade, said the new model is a much more responsive model than cutting and pasting, which would have been necessary previously.

Prebon to join Swapstream

Inter-dealer broker Prebon Marshall Yamane will add electronic swaps trading to its voice broking operations later this year, using Swapstream’s system, which is currently being readied for launch.

Prebon does not have an electronic swaps trading solution currently, and will initially use Swapstream for medium-term euro-denominated swaps and swap spreads trading. It will also use the system for medium-term dollar and short-term euro swaps when Swapstream adds these products in the next 12 months.

A spokesperson for Prebon in London said the broker had wanted some electronic capability in swaps but did not want to build a system.

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