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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.