HVB Upgrades Arena for 500 Users

TRADING FLOOR TECHNOLOGIES

MUNICH--HVB Group has upgraded approximately 500 users at the bank globally to new versions of Swedish vendor Front Capital Systems’ Arena trading and risk management system.

Front officials would not specify the length or value of the deal, only referring to it as "a multi-year, multi-million dollar agreement."

The rollout, which began earlier this year, will be completed in Q1 of next year.

However, Peter Neuhaus, Front’s sales director for Germany and Austria, confirms that HVB is a long

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