RJ O’Brien (RJO) has selected the Spectrum System from Financial Software Systems (FSS), a provider of risk and portfolio management software. Chicago-based RJO will use Spectrum to enhance its front-to-back-office foreign exchange (FX) dealings in spot, forward, non-deliverable forward, swap, and option contracts.
Spectrum provides RJO with a highly automated platform for conducting collateralised trading activities with its FX clients around the globe. RJO clients will be able to view all of their FX trade positions and margin capacity in real time over the internet via the Spectrum FX reporting portal. FSS will deliver Spectrum using its software-as-a-service (SaaS) capabilities from its SAS 70 certified hosting facility in Pennsylvania.
Phil Fondren, managing director, FX at RJO, said: “We are very pleased to have selected Spectrum. We found FSS to be the most appropriate partner to provide the high level of service our clients demand. After extensive due diligence covering a wide range of vendor systems, we concluded that Financial Software Systems provided the optimal combination of system capabilities, especially related to client-facing functionality, and an experienced implementation and support staff that was best suited to our FX business. We look forward to a long and productive partnership with FSS.”
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