International Financial Systems said it has sold its MarginMan Version 2.0 risk management system to prominent multinational banks, including ABN Amro and Mees Pierson.

The contracts solidify MarginMan's reputation "as the leading application of its kind in the marketplace," said Ken Coldrick, managing director of Ireland-based IFS.

He said MarginMan has benefited from product and technology development investments, an expanded sales force, growth in bank trading and demand for risk mitigation and training, and recommendations from other IFS customers.

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