In an effort to integrate its trading desk and systems, Chemical Bank selected software from Infinity Financial Technology Inc. The New York company will use Infinity's Montage library and data model as the core foundation for the trading activities of its Interest Rate Management Group.
The system will provide an open warehouse for treasury data, including complex derivative products such as swaps, futures and options. It will be used for building a variety of in-house applications, from simple reporting to exotic options trading. The system will allow the bank to mix and match existing systems with third-party software and new in-house applications.