The new system will be implemented across its Monterrey and Mexico City, to support trading and position management requirements through settlement and accounting for all instrument types, including money market, exchange derivatives, stocks and over-the-counter (OTC) derivatives.
Mexican banks are looking for scalable system to support their growth and offer trade management and position control capabilities after the country’s economy emerged from the 2008 global financial crisis.
The new system will help the lender to integrate its foreign exchange, derivatives and fixed income trading businesses, which will support trading, trade processing and accounting.
Additionally, the bank will also utilize the system’s tools for portfolio management, operations, general ledger accounting, settlements and profit & loss control.
SunGard’s Front Arena helps capital markets businesses around the world improve performance, transparency and automation by consolidating sales and distribution, trading and risk management, and settlement and accounting.
