Canadian brokerage Questrade is adopting Financial Software Systems’ Spectrum System. The Toronto-headquartered provider of direct access trading in the U.S. and Canadian stock and options markets as well as foreign exchange (FX) will use Spectrum System for its front, middle and back-office FX trades. Questrade will also be able to use Spectrum’s hosted delivery solution.

Spectrum will manage Questrade’s position and risk management and complete back-office processing of FX transactions. The system’s margin trading module offers real-time collateral and credit monitoring, position revaluation and calculations of margin requirements. Its Client FX Dealing and FX Payments portals will facilitate Questrade’s growth with corporate clients.

Click here for the release from Financial Software Systems.