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January 2013- Financial Software Systems Has Been Acquired by the Ion Group
Financial Software Systems, a global provider of Treasury Management, Capital Market and Wealth Management solutions today announced the acquisition of the company by the ION Group, a global provider of trading, capital markets and treasury solutions and services.
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October 2012 - Financial Software Systems Expands Its Presence in Latin America
Financial Software Systems ("FSS") has experienced solid growth in Latin America in 2012, adding three new clients and three "go-lives" this year. So far this year Financial Software Systems has expanded its Latin American presence in three countries, completing new licenses for its Spectrum Treasury System in Mexico for Banco Invex, for the Spectrum Wealth System in Panama for Global Bank, and for the SIAR (Sistema Integral de Analisis y Riesgo) Risk Management System in Costa Rica for Instituto Costarricense de Electricidad ("ICE").
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October 2012 - Global Bank Panama Licenses the Spectrum Wealth Management System From Financial Software Systems
Global Bank Corporation (“Global Bank”) headquartered in Panama City, Panama, has licensed the Spectrum Wealth Management System from Financial Software Systems to manage its front-office, middle-office and back-office Private Banking and Wealth Management operations. The bank began operations in June 1994, and is currently the second largest domestic Panamanian bank. Global Bank has the second largest network of branches in Panama and has assets of over USD 3 billion.
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July 2012 - Commerce Bank Selects Spectrum and the Spectrum FX Client Portals From Financial Software Systems
Commerce Bank, a leading U.S. bank headquartered in Kansas City and St. Louis, has selected Spectrum from Financial Software Systems to manage its Foreign Exchange trading activities. Commerce Bank has over USD 20 billion in assets, and serves clients in Missouri, Kansas, Illinois, Oklahoma and Colorado from over 360 locations. Commerce Bank has a long and distinguished history, tracing its founding in Kansas City back to 1865. Today Commerce Bank provides a diversified line of financial services through its affiliated companies, including business and personal banking, investments, wealth management, and financial planning.
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May 2012 - Banco Invex S.A. Licenses the Spectrum Treasury System
Financial Software Systems Inc. ("FSS"), a leading provider of integrated financial software, is pleased to announce that Banco Invex has licensed the Spectrum Treasury System to enhance its front-to-back-office Foreign Exchange dealing capabilities for Spot, Forward, and Swap contracts. Banco Invex ("Invex") is one of the fastest growing banks in Mexico. Invex Casa de Bolsa opened in 1991 and quickly expanded its business by opening a bank in 1994. In 2001 Invex further expanded by integrating Investment Funds into its financial product offerings. Headquartered in Mexico City, Invex has offices in Guadalajara, Monterrey, Mérida and Queretaro.
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April 2012 - Oversea-Chinese Banking Corporation Limited Licenses MarginTrac
Financial Software Systems Inc. (“FSS”), the leading provider of integrated financial software, is pleased to announce that Oversea-Chinese Banking Corporation Limited (“OCBC”) has licensed the Spectrum MarginTrac System. Named the "Best Domestic Bank in Singapore", by AsiaMoney (May 2011) and the ”World’s Strongest Bank”, by Bloomberg Markets (May 2011), OCBC will utilize Spectrum as its collateralized trading and risk system for Treasury clients in Foreign Exchange, FX OTC Options (including exotics), and Non Deliverable Forwards. Spectrum will be utilized for pre-trade and post-trade risk management, collateral management, and Treasury Sales Desk client margin and commission management. The Spectrum implementation will include full integration into OCBC’s global risk management architecture.
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April 2012 - Velocity Trade Goes Live on Spectrum System for Margin Trading
Velocity Trade licensed Financial Software Systems’ Spectrum Broker and Client Web Portal in August 2011 as an upgrade to their previous FX trade management solution. Velocity went live in January 2012 with Phase 1 of the implementation, which provides for Leveraged FX Trading, for its London-based operations. This initial phase, which included multiple STP interfaces and a customized Client Web Portal for user driven dealing, account management and reporting was completed in a little more than three months. In February 2012, Phase 2 saw Velocity migrate over their existing Physical FX business. Velocity acquired access to Spectrum under a Software as a Service (SaaS) model whereby the system is hosted from Financial Software Systems’ hosting center. The two go-live events each took place over a 5 day period and were completed with no interruption to daily operations.
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April 2012 - Royal Exchange Licenses Financial Software Systems' Spectrum Solution for FX Payments and Margin Trading
Financial Software Systems, Inc. (“FSS”), the leading provider of Foreign Exchange solutions to the broker-dealer market, is pleased to announce that Royal Exchange has licensed the Spectrum Broker and Spectrum Client Web Portal solutions. Royal Exchange selected Spectrum to support its end to end FX business in Spot, Forward, Swaps, collateralized margin trading and international payments.
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October 2011 - Zions Management Services Corporation Licenses the Spectrum Treasury System and Client Portal
Zions Management Services Corporation (“Zions”) headquartered in Salt Lake City, Utah, has licensed the Spectrum Treasury System and Client Portal from Financial Software Systems. Spectrum will support all of Zions’ Treasury dealings in FX Spot, FX Forwards, FX Swaps, and OTC FX Options. Additionally, Spectrum will be used to support the bank’s banknote processing. The Spectrum Client Portal is a sophisticated internet portal for FX Dealing which will provide Zions’ clients with an internet channel for FX trading and FX payments with straight-through-processing for Zions’ back-office staff.
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October 2011 - Swiss Finance Corporation Licenses Spectrum for Collateralized Margin Trading
Financial Software Systems (“FSS”), the leading provider of Foreign Exchange solutions to the broker-dealer market in London has been selected by Swiss Finance Corporation (“SFC”), an independent brokerage firm. Founded in 1988, SFC acts as a market maker in the interbank foreign exchange and precious metals market. SFC will utilize Spectrum to support its middle-office and back-office for Foreign Exchange dealings in Spot, Forward, Non-Deliverable Forward, Vanilla and Exotic Options. SFC plans to introduce support for additional asset classes in Spectrum so that their clients will receive the margin benefits of trading across multiple asset classes.
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June 2011 - Financial Software Systems Acquires Tecnología, Asesoría, Sistemas, S.A. de C.V.
Financial Software Systems Inc., a leading provider of portfolio management software for international financial institutions, today announced that it has acquired Tecnología, Asesoría, Sistemas, S.A. de C.V., a leading provider of treasury and risk management software and services in Mexico. The transaction was completed on June 1. Financial terms were not disclosed. Financial Software Systems (“FSS”) was founded in 1992 and serves a world-class set of Treasury, Wealth Management, Prime Brokerage, Broker-Dealer and Fund Management clients in the Americas, Europe and Asia. Tecnología, Asesoría, Sistemas, S.A. de C.V. (“TAS”) was also founded in 1992 and serves a wide range of Banks and Broker-Dealers in México and Latin America.
“The acquisition of TAS will strengthen Financial Software Systems' presence in México and Latin America and further expand our product offerings” said Gerald Thurston, President of FSS. “We welcome TAS's clients into Financial Software Systems' family. The addition of Financial Software Systems' software to the software offered by TAS will create many opportunities for TAS's existing clients and for new clients throughout Mexico and Latin America.” FSS fully supports Foreign Exchange, Money Market, Bond, Equity and Derivative instruments. FSS's Spectrum Treasury System provides front-office, middle-office, and back-office processing, along with a robust suite of internet portals and web-publishing capabilities. FSS is also the world’s leading supplier of real-time credit and collateralized trading software through its MarginTrac system.
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May 2011 - Multibank Licenses the Spectrum Treasury System
Multibank, Inc. (“Multibank”) has licensed the Spectrum Treasury System from Financial Software Systems to manage its front-office, middle-office and back-office Treasury operations. Multibank is headquartered in Panama City, Panama, and will use Spectrum to manage all aspects of transaction processing for the following instruments: Spot-Forward-Swap FX Contracts, Non-Deliverable Forwards, Vanilla OTC FX Options, Interest Rate and Commodity Futures, Fixed Rate and Floating Rate Money Markets, Bonds, and Equities.
Multibank is the third largest Panamanian Bank, with assets of almost USD 2 billion, and a network of over 20 branches in Panama. Multibank offers credit, investment, savings and intermediation services to individuals and businesses in Panama and in twelve other countries in Central and South America. Multibank has a significant presence in Colombia, with over 35 branches in 20 cities for its subsidiary company, Macrofinanciera. Multibank will benefit from the use of Spectrum by automating all processes in its Treasury department as well as the trading activities from its affiliated brokerage company, Multi Securities, Inc.
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February 2011 - R.J. O'Brien Selects Spectrum From Financial Software Systems
Financial Software Systems, the leading provider of Risk and Portfolio Management Software announced that R.J O’Brien (“RJO”) has selected the Spectrum System. Chicago-based RJO will utilize Spectrum to enhance its front-to-back-office Foreign Exchange dealings in Spot, Forward, Non-Deliverable Forward, Swap, and Option contracts. Spectrum provides RJO with a highly automated platform for conducting collateralized 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. Financial Software Systems will deliver Spectrum to RJO using its Software-as-a-Service (“SaaS”) capabilities from its SAS 70 Certified hosting facility in Pennsylvania
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February 2011 - Bank of Singapore Licenses Spectrum from Financial Software Systems
Financial Software Systems, the leading provider of integrated wealth management, treasury and capital markets software, today announced that Bank of Singapore has licensed the Spectrum System for its Singapore and Hong Kong branches. Bank of Singapore has been named the "Best Private Bank in Singapore in 2010". Spectrum will act as Bank of Singapore’s new global collateralized trading solution for Foreign Exchange, FX Options and Non-Deliverable Forwards. Spectrum will be utilized for front-office and middle-office processing including deal capture, real-time margin limits and exposure management, as well as multi-lingual confirmations and consolidated customer statements.
Joseph Kubeyka, Managing Director of Financial Software Systems, Asia Pacific noted, "We are very excited to partner with one of the leading Private Banks in the world. Bank of Singapore’s selection of Financial Software Systems and Spectrum further validates our leading position in the Asia Pacific financial technology market, and the Private Banking sector in general.”
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Janaury 2011 - IDB Bank Licenses The Spectrum Treasury System
IDB Bank® has licensed the Spectrum Treasury System from Financial Software Systems (“FSS”) to integrate its trading activity onto a single platform. IDB Bank® is the 14th largest commercial bank in the New York Area and a member of the FDIC. The bank provides a complete range of personal and commercial banking services for both domestic and international clients. IDB Bank® is a subsidiary of Israel Discount Bank, Ltd., headquartered in Tel Aviv, and one of the three largest banks in Israel.
Spectrum Treasury is a comprehensive position management solution offering complete trade lifecycle management. Spectrum Treasury supports multiple asset classes including foreign exchange, money market instruments, fixed income instruments, equities and derivatives.
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January 2011 - Financial Software Systems Opens Latin American Support Office and Appoints Mr. Bojan Baros as Director
Financial Software Systems, a global provider of Treasury and Capital Markets software, including the Spectrum Treasury System and the MarginTrac System, announces the opening of its Latin American implementation and support office in Guayaquil, Ecuador.  The mandate for the Guayaquil office is to support Financial Software Systems' Latin American clients and coordinate large scale software implementations in the LATAM region.  Mr. Bojan Baros has been appointed head of the LATAM implementation and support office.  Mr. Baros has 10 years of experience with Financial Software Systems in a variety of roles, including as a Software Engineer and as an Implementation Project Manager.  As an Implementation Project Manager Mr. Baros successfully led international Spectrum implementations, including international implementations for Standard Chartered Bank and Credit Suisse.  From the Guayaquil office Mr. Baros will lead a team of Project Managers and Business Analysts, and will coordinate all Latin American implementation and software support efforts.
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December 2010 - Capital G Bank Limited Licenses the Spectrum Treasury System
Capital G Bank Limited, headquartered in the City of Hamilton, Bermuda, has licensed the Spectrum Treasury System from Financial Software Systems to manage its foreign exchange, money market and interest rate hedging activities.
Capital G Bank is privately held and provides personalized wealth management services for personal banking, business banking and private banking customers. Capital G Bank is Bermuda's newest bank and is one of only four licensed banks in Bermuda. In 2001 Capital G Bank was the first company to be licensed under Bermuda's 1999 Bank and Deposit Companies Act. Although Capital G Bank is newly licensed, the bank has more than 60 years of banking and lending experience in Bermuda. The bank provides a wide range of financial services including deposit and loan products denominated in both U.S. and Bermuda Dollars. Since receiving its banking license Capital G Bank has recorded ten consecutive years of growth.
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November 2010 - Banca Mifel Licenses the Spectrum Treasury System
Banca Mifel has licensed the Spectrum Treasury System from Financial Software Systems to manage its international foreign exchange, money market and bond trading activities. Banca Mifel will implement Spectrum in its headquarters office in Mexico City.
With a corporate heritage dating back to the 1950s, Banca Mifel began offering formal banking services in Mexico in 1994. Today Banca Mifel has over 30 offices across Mexico, and has established a reputation for high quality and personalized service. Banca Mifel offers a broad range of financial products including loans, investments, savings and checking accounts, FX services and interest rate risk hedging products. In its Treasury Banca Mifel will use Spectrum to manage its issuance of promissory notes, bonds, and certificates of deposit. Banca Mifel will also use Spectrum to manage its trading activities in international government and corporate bonds, call money, Interbank Equilibrium Interest Rate (TIIE) auctions, repo transactions, and foreign exchange.
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October 2010 - Jose Carlos Passaretti and Antonio Vinhas’ Clearview Consulting and Financial Software Systems Announce a Partnership to Expand the Distribution of the Spectrum Treasury, Capital Markets and Private Banking System in Brazil
Financial Software Systems (“FSS”), producer of global Treasury and Private Banking software, announces a partnership with Clearview Consulting Ltda (“Clearview”).a leading provider of management consulting and customer support services to financial institutions in Brazil.  Clearview Consulting was founded by Jose Carlos Passaretti (former executive from Cambio and Treasury Operations from Banco Fibra), and Antonio Vinhas former Chief Information Officer from Deutsche Bank S.A.  The partnership agreement was completed on June 21, 2010.
The combination of Financial Software Systems and Clearview will provide many opportunities for Brazilian banks to expand their treasury and private banking capabilities and offerings.  FSS’ products fully support the entire Spectrum of treasury and capital markets instruments for both cash and derivatives, including FX, Money Market instruments, Bonds and Equities.   Spectrum provides full front, middle, and straight-through back-office processing, along with a robust suite of internet portals and web-publishing capabilities.  Spectrum fully supports the treasury, capital markets and private banking activities of the bank as well as the activities of the bank’s customers.
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October 2010 - Jameson Bank Licenses the Spectrum Treasury System and the Spectrum FX Reporting Portal
Jameson Bank ("Jameson"), headquartered in Toronto, has licensed the Spectrum Treasury System and the Spectrum FX Reporting Portal from Financial Software Systems. Jameson will use Spectrum to manage all of its Trading and Treasury activities.
Jameson will use Spectrum to manage its FX spot, forward, swap trading and client vostro accounts. For front-office traders, transactions captured in Spectrum are instantly reflected in Spectrum's real-time position, P&L, cash flow and currency risk blotters. In the middle-office Spectrum will provide real-time credit risk management through pre-trade and post-trade credit limit checks. Jameson will also utilize Spectrum’s collateralized trading module to support clients that trade on an enhanced-credit basis. Spectrum's real-time collateralized trading module continuously calculates clients' margin requirements and will automatically prepare margin calls as needed.
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July 2010 - Financial Software Systems Appoints Joe Kubeyka Managing Director, Asia Pacific Region
Financial Software Systems, the producer of global Treasury and Wealth Management software,
announces the appointment of Joseph Kubeyka as its Managing Director, Asia Pacific Region. Mr.
Kubeyka will be working from Financial Software Systems' Asia Pacific Regional Headquarters in
Singapore.
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April 2010 - Brown Brothers Harriman Licenses the Spectrum Treasury System along with the Spectrum PARQ Module
Brown Brothers Harriman & Co. (“BBH”), headquartered in New York City, has licensed the Spectrum Treasury System from Financial Software Systems. BBH will leverage Spectrum to enhance its front-to-back office Foreign Exchange (FX) dealings in Spot, Forward, Non-Deliverable Forward, Swap, and Option contracts. The Spectrum PARQ (Pricing, Aggregation, Routing & Queuing) module will provide automation for dealing with BBH’s global clients’ FX needs. The implementation will incorporate the Spectrum FX Dealing Portal, which will create a seamless straight-through-processing channel for BBH clients’ FX trading.
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February 2010 - Banco Continental BBVA Licenses The Spectrum Treasury System
Banco Continental BBVA ("Banco Continental"), headquartered in Lima, Peru, has licensed the Spectrum
Treasury System from Financial Software Systems to manage its Treasury, Capital Markets, Private
Banking, and Mutual Fund activities. Banco Continental is Peru’s second largest bank, and one of the
fastest growing financial service providers in South America. Banco Continental has assets of
approximately USD 11 billion, and has over 230 branches throughout Peru. The bank is about 46 percent owned by Banco Bilbao Vizcaya Argentaria ("BBVA"), headquartered in Bilbao, Spain. BBVA is one of the largest banks in the world, with assets of over USD 700 billion, and operations in over 40 countries. Banco Continental is fully integrated into BBVA's global network.
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January 2010 - Financial Software Systems Appoints Steven Mills to Head Global Sales
Financial Software Systems, the producer of global Treasury and Private Banking software, announces the appointment of Steven D. Mills as its Senior Vice President for Global Sales & Marketing.  Mr. Mills will be working from Financial Software Systems' headquarters offices in Horsham, Pennsylvania, a suburb of Philadelphia. Mr. Mills joins Financial Software Systems from Misys plc, where he was most recently the Treasury & Capital Markets Business Development Manager for the Americas Region.  Steve was instrumental in building the treasury and capital markets businesses for Misys in North and South America and Europe over the past 12 years.
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December 2009 - Credit Industriel Et Commercial Licenses MarginTrac
Credit Industriel et Commercial ("CIC") has licensed the MarginTrac system from Financial Software Systems for use in its Singapore Branch. CIC will use MarginTrac to manage all aspects of collateralized foreign exchange trading for its expanding Asian Private Banking business.
CIC is the fourth largest banking group in France, with over 2,100 branches, total assets of over EUR 250 billion, and a staff of over 24,000. CIC established its Asia Pacific headquarters in Singapore in 1984, and has offices in all major cities across Asia, including Beijing, Hong Kong, Jakarta, Shanghai, Sydney and Tokyo. From its Singapore headquarters CIC offers a wide range of banking products and services, including Private Banking, Corporate Banking and Structured Finance and Treasury services. CIC-Singapore offers its clients across Asia a full range of Treasury products, including foreign exchange, money-market, fixed-income, structured products, and derivatives. All settlement, custodian and other back-office functions across Asia are centralized in CIC's Singapore branch.
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November 2009 - Bank Of Oklahoma Licenses The Spectrum Treasury System And The Spectrum FX Dealing Portal
Bank of Oklahoma (“BOk”), headquartered in Tulsa has licensed the Spectrum Treasury System from Financial Software Systems. Spectrum will support all of BOk’s Treasury dealings in FX Spot, Forward and Swap contracts, and OTC FX Options. Additionally, Spectrum will be used to support the bank’s growing Interest Rate Derivatives business, with support for Interest Rate Swaps, Caps-Floors-Collars and Swaptions. The Spectrum implementation will include a sophisticated internet portal for FX Dealing which will allow BOk's clients to have an internet channel for FX trading and FX payments with straight-through-processing for BOk's back-office staff.
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September 2009 - Financial Software Systems Acquires Spot Systems
Financial Software Systems Inc., a leading provider of portfolio management software for international
financial institutions, today announced that it has acquired Spot Systems, Inc., a leading provider of FX
management software and services. The transaction was completed on September 24. Financial terms
were not disclosed. Financial Software Systems (“FSS”) was founded in 1992 and serves a world-class
set of treasury, private banking, prime brokerage, broker-dealer and fund management clients in the
Americas, Europe and Asia. Spot Systems (“Spot”) was founded in 1983 and serves a wide range of
banks in North America
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August 2009 - Standard Chartered Bank "GOES LIVE" With Spectrum Private Banking Solution
Standard Chartered Bank's Consumer Banking and Wealth Management Group ("SCB") has implemented the Spectrum Private Banking solution from Financial Software Systems. This successful project expands SCB's Private Banking business following the acquisition of American Express Bank in February 2008. Spectrum Private Banking is a comprehensive solution for managing client accounts and trades, and the bank's global private banking operations. SCB is using Spectrum Private Banking to manage its collateralized crossproduct trading business. With this deployment, Spectrum has become the first commercial implementation of a real-time, cross-product margining solution in the private banking sector.
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June 2009 - Cantor Fitzgerald Licenses Financial Software Systems' Spectrum System
Cantor Fitzgerald ("Cantor") has licensed Financial Software Systems' Spectrum System for managing all of its FX and FX margin trading activities in its dealing rooms in London, Hong Kong, Toronto and Tel
Aviv. Cantor will use Spectrum's front-office, middle-office and back-office functionality to process all
aspects of its FX spot, forward, swap and non-deliverable forward trading, from deal capture in the front Soffice, to producing confirmations, payments and general ledger accounting entries in Spectrum's back office. Cantor will also use Spectrum's powerful credit and collateral engine to monitor and control
counterparty exposures and risks.
Cantor Download Press Release PDF

April 2009 - Banco de Credito Panama Helm Financial Services S.A. Licenses The Spectrum Treasury System and The Spectrum Reporting Portal
Banco de Crédito Helm Financial Services has licensed the Spectrum Treasury System from Financial Software Systems for managing its Treasury activities in Panama, Colombia and the Cayman Islands. Banco de Crédito Helm Financial Services ("BDC") is headquartered in Bogot, Colombia, and is one of the fastest growing financial services groups in Colombia. BDC has 39 offices throughout Colombia, and has international operations in Venezuela, Panama, the Cayman Islands and the United States. BDC provides a wide range of international banking and private banking services, primarily through its 100 percent owned affiliate, Banco de Crédito Helm Financial Services, Panama S.A. Financial Software Systems will install Spectrum in BDC's offices in Panama City, Panama.
Banco de Credito Press Release Download Press Release PDF

February 2009 - Signature Bank Licenses The Spectrum Treasury System and The Spectrum Portal
Signature Bank, headquartered in New York, has licensed the Spectrum Treasury System from Financial Software Systems. The implementation will incorporate the Spectrum FX Dealing Portal, which allows
banks and clients a direct channel for trading with straight-through-processing of transaction Confirmations and Payments. Additionally, the Spectrum Bond Sales Portal will be used by investment managers at
Signature Securities offices to augment investment capabilities for their clients. Signature will utilize hosting services provided by Financial Software Systems, which will provide the full functionality of
Spectrum to Signature Bank as a completely hosted solution.
Signature Press Release Download Press Release PDF

January 2009 - Square 1 Bank Licenses The Spectrum Treasury System and The Spectrum Portal
Square 1 Bank, headquartered in Durham, North Carolina, has licensed the Spectrum Treasury System
from Financial Software Systems. Spectrum will support all of Square 1 Bank's Treasury dealings in FX
Spot, Forward, and Swap contracts, as well as in FX OTC Currency Options and Money Market
instruments. Square 1 Bank has also licensed the Spectrum Portal, which allows banks and clients to have a
direct channel for trading with straight-through-processing of transaction Confirmations and Payments.
Financial Software Systems will provide Spectrum to Square 1 Bank as a completely hosted solution.
Square 1 Bank  Download Press Release PDF

December 2008 - Financial Software Systems Appoints Gaston Peralta to Head Latin America Sales
Financial Software Systems, the global treasury and private banking portfolio software company, announces the appointment of Gaston E. Peralta as its Sales Manager for Latin America and the Caribbean. Gaston has established FSS sales operations in Miami.
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October 2008 - London Capital Group "Goes Live" with MarginTrac from Financial Software Systems
After a very efficient and focused implementation effort, London Capital Group ("LCG") has placed Financial Software Systems' ("FSS") MarginTrac system into production. LCG licensed MarginTrac in June, 2008, and began managing all of its foreign exchange trading activities in MarginTrac before the end of September. MarginTrac is a comprehensive Client Relationship Management system for foreign exchange, fixed income, equities and precious metals trading. LCG is using MarginTrac to manage its trading of FX spot, forward, and swap contracts.
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June 2008 - Financial Software Systems Licenses MarginTrac to London Capital Group
London Capital Group ("LCG"), a rapidly growing financial services company specializing in online trading, has licensed the MarginTrac system from Financial Software Systems. Headquartered in London, LCG provides a range of financial services to both retail and institutional clients. LCG provides online foreign exchange trading services to institutional and intermediate clients under the Capital Forex brand. Under the trading name of Capital Spreads, LCG provides spread betting products to retail clients. LCG also provides institutional brokerage services for derivatives under the name Capital Derivatives.
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April 2008 - Standard Chartere Bank Licenses Spectrum Treasury System
Following its acquisition of American Express Bank on February 29, 2008, Standard Chartered Bank has extended its software license for Financial Software Systems' Spectrum Treasury System. Standard Chartered Bank has licensed 14 additional sites for the Spectrum system, and has engaged Financial Software Systems to expand and customize Spectrum to meet the needs of the bank's rapidly growing Private Banking business. The 14 additional Spectrum sites licensed by Standard Chartered will complement the bank's initial Spectrum implementations in Hong Kong, Jersey and Singapore.
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January 2008 - Volksbank Romania Licenses Spectrum
Volksbank Romania SA has licensed Financial Software Systems' Spectrum Treasury System. Volksbank Romania ("VBR") will install and utilize Spectrum at its headquarters office in Bucharest.
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October 2007 - L'udova Banka Licenses Spectrum
Ludova Banka, headquartered in Bratislava in the Slovak Republic, has licensed Financial Software Systems' Spectrum Treasury System, including the integrated module to support collateralized trading of foreign exchange instruments. Ludova Banka will utilize Spectrum for front-office, middle-office and back-office Treasury operations.
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August 2007 - RZB Austria Licenses MarginTrac
Raiffeisen Zentralbank Osterreich AG (RZB-Austria) has selected Financial Software Systems'MarginTrac system to manage its foreign exchange margin trading business. RZB-Austria will utilize MarginTrac in its Singapore Branch covering Asia Pacific.
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July 2007 - Lehman Brothers Licenses Spectrum
Lehman Brothers, the New York-based investment bank, has licensed the Spectrum System from Financial Software Systems. Lehman Brothers will initially use Spectrum in its New York and London offices to manage collateralized trading of foreign exchange instruments, and to publish position and profit-and-loss data to its clients over its highly regarded LehmanLive internet platform.
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July 2007 - Volksbank Hungary Licenses Spectrum Treasury System
Volksbank Hungary Private Ltd. ("Volksbank") has licensed Financial Software Systems' Spectrum Treasury System, including the integrated module to support collateralized trading of foreign exchange instruments. Volksbank will immediately install the Spectrum software in its headquarters office in Budapest.
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October 2006 - FIXI PLC Licenses MarginTrac
FIXI PLC ("FIXI"), a new London-based investment house, which will specialize in the trading of commodities, financial futures & options, and the complete range of over-the-counter FX products, has licensed Financial Software Systems' MarginTrac trading and portfolio management system. FIXI is currently seeking regulatory approval from the U.K.'s Financial Services Authority to advise clients on investments, arrange deals in investments for clients, and deal in investments as both an agent and as a principal. FIXI will also seek regulatory approval to hold and control client money. FIXI's business plan calls for the firm to serve a diversified client base that includes corporations, financial institutions and high net worth individuals.
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July 2006 - Prudential-Bache Licenses Spectrum Treasury System
Prudential-Bache Global Markets, a unit of Prudential Financial, Inc. ("Prudential"), has licensed Financial Software Systems' Spectrum Treasury System for use in its London and New York offices.
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March 2006 - Marex Licenses Spectrum Treasury System
MAREX Financial Limited has selected Financial Software Systems' Spectrum system to manage all aspects of its foreign exchange trading business. MAREX Financial Limited will utilize Spectrum in its London and Geneva offices.
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