Bank of Oklahoma has gone live on SunGard’s InTrader ASP fixed income processing solution for trade execution, portfolio accounting, funding, safekeeping, and correspondent services support.
Bank of Oklahoma converted from SunGard’s BOLT system, the predecessor to InTrader ASP. John Coffman, vice president at Bank of Oklahoma, said, “Our goal is to achieve a straight-through processing environment in the face of continued business growth, and InTrader is helping us to get there. With InTrader, we now have a real-time, online system that provides us with efficient connectivity to regulatory and clearing entities, and helps us to reduce many manual processes. We’ve also been able to consolidate operations by processing both our bank and broker/dealer business through the same system, including our bank dealer shop.”
Bank of Oklahoma also implemented SunGard’s STN Settlements interface management solution to provide real-time, interactive trade comparison with the Fixed Income Clearing Corporation’s (FICC) Real-Time Trade Matching (RTTM) services, as well as connectivity with the Municipal Securities Rulemaking Board’s (MSRB) Real Time Reporting System (RTRS). In addition, Bank of Oklahoma implemented InTrader’s Portal Solutions to help the bank deliver secure, Web-based capital markets services to its correspondent financial institutions, as well as InTrader’s FiTrac module to provide a real-time clearance and settlement interface to Bank of New York. InTrader also provides Bank of Oklahoma with middle-office support for facilitating integration with the bank’s proprietary front-office system.