The acquiring company, ION Trading ION , provides real-time solutions across multiple asset classes for electronic trading, position management, pricing, risk management, and downstream processing.
Clients are global financial institutions and niche financial specialists. The trading interface enables access of more than 80 electronic markets in a single view, using a fully customizable, user-friendly interface.
The complementary nature of the solutions is significant: WSS features in the FX space are prevalent in deal capture and post-trade, whereas ION has its center of gravity in the pre-trade of the fixed income and derivatives space.
But I believe that WSS has other features that make the integration of the two companies even more attractive. Through this TMS portfolio component, Wall Street Systems has developed a strategy to position itself in the mid-tier market as an aggregator of technologies to create a broader product "umbrella" service, consolidating the solutions of leading vendors under one technology service.
We are witnessing a trend in which corporate treasurers seek systems that integrate FX, commodities, and risk management into more comprehensive treasury management systems. The credit crunch has transformed FX and commodities into asset classes on their own. The corporate treasurer wants to manage the cash flows that result from current operations as well as from strategic investments in asset classes, of which visibility and control must be total.
The TMS market is moving to an integrated set of best-of-breed solutions that support treasury transformation and efficiency programs. The treasury management system is seen as the core component -- the control point. High-end treasury has been addressing this for some years with extensive feature- and function-rich enterprise systems outside the reach of midsize treasury.
In the medium- to long-term, ION will leverage WSS Treasury as a platform that integrates treasury, cash management, and payments and into which multiple asset class capabilities dedicated to electronic trading, position management, pricing, risk management, and downstream processing can be plugged.
This feature of integrated treasury and trading platform will be extended to large corporations and to the banking market. Why Aite Group What's in a Name? The main solutions of the WSS portfolio are two: WSS Suite, which mainly covers the functionality of cross-asset investment and debt management solution and is mainly targeted for high-end corporations and central banks.
The second solution is WSS Treasury , offered to low-end corporations. The solution has been gradually growing in capabilities through the recent acquisitions of Speranza bank relationship management , City Financials corporate treasury , and Treasura, a Software-as-a-Service SaaS provider of cash and liquidity management services.
Comments Thu, If you were a corp treasury heavily vested in WSS, wouldnt you want to know? Or one contemplating buying WSS services? Log in to post comments.More...