« back 01 September 2006

EUROXX Securities implements SYSTEMIC’s Derivatives Back Office solution.

EUROXX, a growing Securities firm, successfully completed the implementation of RV Exchanges, Systemic Risk Management’s Back Office solution, to manage its trading activity in the Greek and International Derivatives Exchanges.

EUROXX Securities was among the first Greek organisations to become a trading member of the EUREX Futures & Options Exchange, while it is also active in a number of other exchanges like LIFFE, Euronext, and CBOT. It requires a multi-currency, multi-exchange middle office system capable of managing complex fees schemes and fully customized accounting while offering real time profitability and margin evaluation.

"We used to cover our needs through another well established system. But we are convinced that SYSTEMIC will be in a better position to serve our needs via a more modern technological platform, a more specialized and dedicated support team, and extension capabilities in the risk and portfolio management areas”, said Alexandros Billis, Chairman of the Board of EUROX Securities.

Aristides Protopapadakis, SYSTEMIC’s Managing Director commented: “RV Exchanges is a powerful, highly customizable software solution covering the needs of all players involved in Derivatives trading within an organization, including Proprietary Traders, Sales Officers, Risk Managers, Audit, Back Office, Accounting, and most of all, its Clients, by fully accommodating any exchange traded or over-the-counter instrument.”

SYSTEMIC is a leading solutions and services provider in the fields of financial risk management and derivatives trading. It provides sophisticated, yet practical and competitive risk management solutions with customers including National Bank of Greece, HSBC Bank, Societe Generale, Merrill Lynch International, PIRAEUS Bank, the Cooperative Banks of Greece, and many more.

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