HVB to use Front Capital for fixed income
Front Capital Systems, an operating unit of SunGard, announced that it has entered into a global agreement with HVB Group, the second largest private-sector bank in Germany.
Under the multi-year, multi-million dollar agreement, HVB Group will continue to deploy FRONT ARENA to support its fixed-income, derivatives and equities operations. FRONT ARENA will be rolled out to around 500 positions within the bank's sales distribution, trading, risk management and back-office departments. HVB Group aims to leverage its investment with more extensive use of FRONT ARENA's straight-through-processing capabilities.