IT/2 Version 4.2 Launched

The new version of SimCorp’s IT/2 system includes enhanced deal types such as, commodities trading, guarantees, letters of credit and the introduction of a limit workbench. IT/2, which has been continuously developed since its launch in 1991, will today comprise a fully integrated commodities trading module. Corporations can utilize the software’s straight-through processing functionality to handle any commonly traded commodities such as cocoa, sugar, orange juice, oil or metals, in any currency. Version 4.2 also incorporates a new Limits Workbench, enabling more effective monitoring and maintenance of counter-party limits and the flexibility of designing the appearance of the user interface. Other enhancements include the Internet integration capability for online trading with Web-based F/X trading portals like Currenex, FXall and Atriax can now be combined with the treasury systems straight-through processing facility. For example, treasurers may access prices and deal information to immediately execute and import the deal into their system for automatic processing.


Related reading

New consumer banking head for Citi Asia Pacific