SimCorp focuses on FX in IT/2 upgrade

SimCorp’s London sales and marketing director, Patrick Coleman, said the upgrade would be useful for a range of functions in FX, including hedge accounting, and would enable risk managers to see the hedged position of their business.

Clients may also use it to collect and see FX exposures. "It will be used primarily by organisations such as pharmaceutical manufacturers and suppliers GlaxoSmithKline and UK electrical retailer Dixons at the top end, through to car hire company Avis at the lower