Israeli Bank Leumi chooses Wallstreet's forex options module
TEL AVIV - Bank Leumi went live with Wall Street System's foreign exchange options module for middle- and back-office processing of vanilla, exotic and non-deliverable options at the end of August.
The Tel Aviv-based bank adopted the functionality as an addition to the Wallstreet products it has used since 2004, which cover FX, money market, futures and securities processing. The module replaces legacy proprietary systems, covering trade processing, position management, profit and loss, market
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