Wall Street Systems, the treasury systems and outsourcing providers, today offered banks a tool to distribute services through the Internet.
The Internet Extensions Hub, as the company calls it, is based on The Wall Street System Object Toolkit. It aims to enable banks to brand, customize and extend the functionality of Wall Street Systems technology to their customers – online.
By using the Hub bank customers will be able to obtain rates on a variety of products, including foreign exchange, money markets and fixed-income securities. They can also execute trades at these rates, and obtain trade confirmations via the web. The Hub includes additional features for trade analysis and reporting.
Wall Street Systems believes the Hub will replace proprietary terminals, which it says (predictably) are difficult to use and expensive to maintain.
“Wall Street Systems remains dedicated to responding to its customers’ changing requirements,” explains Mike Thrower, director of marketing at Wall Street Systems. “We are pleased to be able to offer our banking clientele a way to enhance their client relationships through a new communication channel. Through Internet Extensions they are able to offer superior instrument and currency coverage and greater geographic reach. The potential opportunities are there for the taking.”