Thomas Cook Selects Wall Street Systems to Support its Global Treasury Operations

Thomas Cook Financial Services has selected The Wall Street System ® as its front-to-back office global treasury system. headquarters. In the front office, Thomas Cook will use The Wall Street System for deal entry and capture of its FX and money markets business. This will enable traders to enter trade details onto the system and manage their own trading portfolios. The middle office, or risk management modules, will enable Thomas Cook to monitor its exposure to trading risk and check that the organisation is not breaking pre-defined trading limits. In the back office, The System will settle and confirm each transaction to ensure that Thomas Cook is not left open to settlement risk or penalties due to incorrect settlement. This will enable the organisation to have a holistic view of all business activities and monitor all trading processes in its London, Toronto, Sydney and Asia offices, plus the Peterborough


Related reading

New consumer banking head for Citi Asia Pacific