Velocity upgrades FX Trade Management Solution

Canadian institutional FX broker Velocity Trade has upgraded its trade management solution. The firm uses Financial Software Systems Spectrum Broker

Canadian institutional FX broker Velocity Trade has upgraded its trade management solution. The firm uses Financial Software Systems Spectrum Broker for enhanced order management services.

The new system gives Velocity’s dealing team higher level of automation and less manually intensive work. The solution will be more scalable and will provide more high-value; client-centric services oriented towards the dealing, account management and reporting functions. Another benefit of selecting Spectrum was the seamless integration between the functional Client Web Portal and their Spectrum Back Office. Velocity Trade was looking to the future when selecting a new FX Trade Management and Client Portal solution.

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Spectrum has been licensed under Software as a Service. The roll out took place over three months, the first implementation took place in January 2012.

Ben Brown, head of FX at Velocity Trade, London said “with its superior Client Portal, flexibility and broad functionality, Spectrum is the perfect complement to our exceptional pricing and liquidity, allowing us to further expand our offering globally. The efficiency by which this implementation has come about is a credit to both Velocity Trade, working together globally, and to the excellent implementation team at Financial Software Systems”.

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