Velocity upgrades FX Trade Management Solution

Canadian institutional FX broker Velocity Trade has upgraded its trade management solution. The firm uses Financial Software Systems Spectrum Broker for enhanced order management services.

The new system gives Velocity's dealing team higher level of Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term and less manually intensive work. The solution will be more scalable and will provide more high-value; client-centric services oriented towards the dealing, account management and reporting functions. Another benefit of selecting Spectrum was the seamless integration between the functional Client Web Portal and their Spectrum Back Office. Velocity Trade was looking to the future when selecting a new FX Trade Management and Client Portal solution.

Spectrum has been licensed under Software as a Service. The roll out took place over three months, the first implementation took place in January 2012.

Ben Brown, head of FX at Velocity Trade, London said "with its superior Client Portal, flexibility and broad functionality, Spectrum is the perfect complement to our exceptional pricing and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, allowing us to further expand our offering globally. The efficiency by which this implementation has come about is a credit to both Velocity Trade, working together globally, and to the excellent implementation team at Financial Software Systems".