WestLB has concluded a global licensing deal with SunGard Capital Markets for the Devon Forex System and the Devon System for its FX and treasury trading activities, as well as Panorama, the enterprise-wide risk management system.

The agreement covers about 265 individual users world-wide. Initially, the systems will be implemented at WestLB's headquarters in Dusseldorf and at principal trading centres in New York and Luxembourg, as well as extensions to SunGard's already live FX/MM trading and

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