In the year to October 2011 the value of Foreign Exchange (FX) business per day in the US was over $900Bn whilst in the UK the comparative figure was close to $2,000Bn.

Handling this growth requires a system that enables accurate and rapid input on the front end.  While ensuring the appropriate tools are in place to control open foreign currency positions, along with the currency risks based on daily market exchange rate and forward point quotations.

The FX module of the Synergy suite from PSI brings these features to financial institutions and banks “Straight Through Processing” for SWIFT payments via standard settlement instructions, automatic rate load, accurate daily accounting and tailored reporting of positions including unrealized and realized Profit and Loss makes this web application a complete solution.