Systems Inc., has signed its largest bank contract with ABN Amro of the Netherlands.
The multimillion-dollar, multiyear contract includes a rollout of Infinity's derivatives trading software to additional bank sites and consulting services.
ABN Amro, which has $480 billion of assets, has been a customer of the vendor since 1993. Sam Halim, president of ABN Amro's information technology services company, said 300 bank employees in the global trading unit use Infinity's front-, middle-, and back-office applications for deal capture, analytics, and risk reporting.
Rob van Paridon, chairman of ABN Amro Inc., said, "Infinity has given our traders a competitive edge in the development of our proprietary and customer-based interest rate derivatives business."