Absa Capital required a solution able to handle the growth in its trading activities, driven by an already significant increase in its trading volumes. A customer of Front Arenaâs for the past 12 years, Absa Capital will address this growth by using features from Front Arenaâs latest release to build onto its existing trading system. The upgrade will help Absa Capital gain increased transparency throughout the trading and sales lifecycle, while also helping ensure pre-determined operational and desk level risk controls are adhered to across all books and products. In addition, Front Arena provides the firm with complete cross-asset coverage in a single system, which helps facilitate reporting and integration with other areas of the bank.
Ian Kriegler, chief information officer at Absa Capital, comments, âTo support our growth strategy it was important for us to establish a stable and resilient trading environment. Front Arenaâs track record within Absa Capital and its ability to grow with our needs, if and when required, made it a best fit. The Front Arena upgrade also supports our initiative to streamline our operations and increase accuracy and consistency throughout the trading lifecycle.â
Juerg Hunziker, president of SunGardâs Front Arena and Adaptiv business units, said, âBy providing Absa Capital with a complete position control infrastructure, Front Arena can be configured to meet changes to Absaâs business workflow. As a result, Absa Capital has a technology solution that can grow and evolve to meet its future requirements.â