The Royal Bank of Canada went live with a treasury capital markets system from The Frustum Group Inc. to process its precious metals trading and deposits in its Toronto headquarters. The Windows-based system, Opics, is used for all front-office and back-office metals processing. It automates allocated and unallocated deal entry, metals position and inventory management, delivery instructions, Swift confirmation and payments, and generation and posting of accounting enlries. Users can retrieve information using either standard or ad hoc queries.
The Frustum Group is a computer software development and consulting firm based in New York City.