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January 17, 2006

First Citizens Bank selects Linedata’s front office solutions suite

First Citizens Bank has selected Linedata Services' LongView Trading, LongView LyNX and Linedata Compliance to support its Capital Management Group.

By CBR Staff Writer

Linedata Services says to support the bank’s Capital Management Group operations, a comprehensive front-office solution was required to provide portfolio management, pre- and post-trade compliance and trading, including FIX connectivity.

According to the software vendor, Linedata’s front-office suite offered the technical infrastructure, connectivity, functionality, and rapid implementation timescale First Citizens Bank was looking for.

Randy Devers, senior vice president of IS for the Capital Management Group, said, We are eager to take advantage of Linedata’s automated front-office solutions to rapidly monitor compliance at the pre trade level and oversee all trading activity from a single platform. As a natural by-product our Capital Management group will automate our existing trade workflow to facilitate growth within our organization.

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