Jun 29th, 2011, Singapore
G. K. Goh Financial Services, the financial, commodities, metals and energy derivative brokerage and foreign exchange trading arm of G. K. Goh Holdings based in Singapore, has signed a deal to implement and deploy FinIQ technology in Singapore, according to FinIQ Consulting Pte Ltd. G. K. Goh will be taking a modular installation of the FinIQ solution. The solution will include integration to a third party hosted service using the FinIQ FIX Interface to allow the local mirroring of database items.
The system will allow G.K. Goh to view and generate customer holding statements; generate settlement instructions as well as data mining and other report generation. The system will provide additional flexibility allowing G.K. Goh to provide and even higher level of service to its customers.
Mr. Shodhan Shah, Director of FinIQ, who provide a wide range of Treasury and Structured Product solutions said "we are pleased to have G.K. Goh as one of our customers. This goes to demonstrate our solutions have relevance beyond the traditional banking market."
The solution will be implemented in phases and is due to be operational before the end of this year.
About G.K. Goh:
G. K. Goh Financial Services provides primarily foreign exchange trading, futures trading and other treasury products and instruments. In the over-the-counter (cash) market they offer both margin as well as fully paid trading on instruments that include spot and options on foreign exchange as well as spot and options on precious metals. In the exchange traded derivative markets, G. K. Goh Financial Services offers brokerage services for instruments that include futures and options on futures in stock indices, currencies, energy, commodities and precious metals.
About FinIQ:
FinIQ's principal offering is a best-of-breed option linked structured products solutions. The FinIQ System supports products such as Dual Currency Deposits, Equity Linked Notes, Principal Guaranteed Deposits, Range accruals, Forward accumulators, complex Structured Tranche Notes as well as simple FX spot, Forwards and Options. The FinIQ System is being used by banks world-wide, empowering their relationship managers, improving pricing efficiency and customer service, reducing per-transaction processing costs and growing banks trading volumes.
Source: Bobsguide