WestLB New York and Dusseldorf Go Live With ADPs Foreign Exchange and Money Market Solution

Monday 12 January 2004 14:30 CET | News

WestLB New York and Dusseldorf are live with ADP Brokerage Services Group (ADP) OMRs TradeThru ASP solution for foreign exchange and money market processing.

TradeThru was rolled out to WestLB New York and Dusseldorf following the successful implementation at WestLB AG in London. They are the second and third sites to go live with the system. TradeThru delivers fully automated front to back office functions throughout the lifecycle of a trade, starting with fast and flexible deal capture, portfolio and risk management functions, all the way through to trade processing, confirmation, and settlement. Available as a license or an outsourcing solution, TradeThru is used by many of the worlds top financial firms. In addition to using TradeThru in an ASP environment, WestLB uses ADP Wilcos Gloss for international trade processing. WestLB also employs ICI/ADPs impact and ADPs Brokerage Processing Services (BPS) for its North American fixed income and equities processing. It also uses the ADP Investor Communications Services division to handle confirmations and statement distribution and prospectus delivery as well as proxy and reorg solutions.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce