Trema, the strategic financial solutions provider, and SEB today announced that SEB Merchant Banking is using Trema's Transaction HUB Service to enhance Trading Station(TM), its global foreign exchange Internet trading platform.
With this new solution, when a deal is executed through Trading Station(TM), SEB Merchant Banking clients will have their trading positions updated automatically on a real-time basis in Finance KIT, Trema's treasury and risk management system, via the Trema Transaction HUB Service. The solution is already in live use at SEB Merchant Banking clients, including the treasuries of Ericsson and ABB in Singapore. This new solutions minimises operational risk through the reduction of multiple systems and eliminates the need to update positions on a manual basis.
Lars Friberg, head of global Foreign Exchange at SEB Merchant Banking, says: "SEB has seen strong growth in electronic trading and the SEB Merchant Banking e-platform, Trading Station, currently accounts for more than 36 per cent of trades. Trema's Transaction HUB Service brings a lot of value to our joint customers and we are very excited working with Trema on this strategic STP initiative."
Thomas Bergqvist, Managing Director of Trema Service Provider, says:"Given that SEB was clearly the pioneer in Internet based FX trading, we are especially proud to connect SEB's Trading Station(TM) to Trema's Transaction HUB Service. With the release of the latest version of the Trading Station(TM), SEB are taking web based dealing to a new level offering a truly multi-product platform that will add significant value to Trema's Finance KIT clients."
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