Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, today announced that Bank Leumi Tel Aviv has gone live with Wallstreet FX options functionality, a sophisticated integrated platform that supports high volume trade processing and volume growth. Bank Leumi is one of the top two $/ILS price providers in the local Tel Aviv marketplace and is using Wallstreet FX to support its processing of over 5,000 vanilla, exotic and non-deliverable options.
Now one of the broadest users of Wallstreet FX, Bank Leumi is actively employing FX, MM, Futures and Securities for middle and back office processing. They went live as a full member of CLS last year through Wallstreet’s CLS solution. The bank is also using Wallstreet’s structured product framework derivatives functionality for full front-to-back processing.
Wallstreet’s implementation team worked closely with Bank Leumi and the firm’s local integrator, Halperin Consulting Group (HMS), throughout the entire process, from configuration to rigorous testing in both pre- and post-release environments. The working relationship between HMS and Wallstreet ensured an extremely smooth and on-target implementation.
"Throughout the process, Wallstreet adapted to our evolving requirements and were flexible enough to guarantee efficient completion of the project," said Haim Hosman, head of Back Office Operations, Bank Leumi. "Wallstreet FX empowers us to provide the best service to be competitive in the FX market, and we will continue to invest actively in the system to maintain our position as a leader, both internationally and locally, in the Israeli Shekel market."
Tony White, managing director of Banking Sales for Wall Street Systems said, "Wallstreet FX delivers for the dealing room, both for trading and corporate sales as well as providing the lowest processing costs in the business. We are committed to helping our clients make the most of technology to solve real-world business challenges and help them grow. We look forward to our continued partnership to help Bank Leumi maintain their competitive edge and provide the best service and returns to their customers."
