Leonia Bank Outsources FX Processing To GTO
TECHNOLOGY SPOTLIGHT
HELSINKI--Leonia Bank of Finland has announced that it is taking Bank One Corporation's Global Trading Operations (GTO) for processing FX transactions, starting early next year.
All of Leonia's FX and money markets processing transactions will thus be entirely outsourced to GTO, from initial deal capture to final settlement. Deal data will be sent real-time via a secure link to GTO's Trade Management System, based in London. GTO is a London subsidiary of Chicago-based Bank One that was
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