ABN Amro Installs Margin Trading Module To Support OTC FX Dealing

BANKS

ABN Amro Bank's branches in Chicago and London have begun deploying a foreign exchange margin trading module from Zainet Software. The software supports over-the-counter spot, forward and options trading, and will replace the incumbent Marginman system from Dublin-based International Financial Systems (IFS).

The bank has licensed the Zainet module to initially accommodate 10 traders and as many as 15 who will use the software to review the collateral positions and otherwise monitor the status