Swedbank has signed a contract to license Opics from the Frustrum Group for its front- and back- office processing in London and New York. Opics is Frustrum's Windows-based PC/LAN treasury and capital markets system and Swedbank has taken modules for, among other products, foreign exchange, FRAs, exchange traded options, financial futures and interest rate swaps.

"We are very happy about our decision to use the Opics system," says Hakan Kallaker, executive vice president at Swedbank in

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