THE HUNTINGTON NATIONAL BANK TO INSTALL
TRADING ROOM DIGITAL SYSTEM
COLUMBUS, Ohio, April 1 /PRNewswire/ -- The Huntington National Bank today announced that it will be the first bank headquartered in the United States to install the Operating System (OS)/2 (A) based BIS DR-one trading room system. This state-of-the-art digital system will be fully operational by June 1.
Previously using a video-based system, the securities trading room will now have flexibility in formulating sound business decisions. "Our managers are ecstatic. The sky's the limit now with respect to both modeling opportunities and improving the management information system for our top executives," said Judith Fisher, executive vice president of The Huntington's Treasury Group.
The system uses a modular platform approach which enables The Huntington to add new functions and technologies as they are developed. The modular approach also eliminates the potential problem of system obsolescence caused by advances in technology.
The system, jointly marketed in the U.S. by IBM and BIS Banking Systems Inc. (a Nynex Company), uses IBM's OS/2 architecture in a distributed desktop environment. Through the desktop workstation, the securities traders will have concurrent access to the bank's internal and external information sources, including market data, customer records, product information, real-time spreadsheets, stock quotes, news and word processing. All of this information will be presented through multiple windows which have pull-down menus and on-line help.
"The BIS DR-one/IBM solution conquers the nagging problem of too much data in too many places," said Richard Blythe, president of The Huntington Investment Company. "Each salesperson or trader can now maximize his or her productivity by using the custom-designed composite screens with both market and customer information." This has been achieved by utilizing standard IBM Personal System/2s (A) with single or multiple monitors and standard IMB OS/2 networking technology.
The digital system will allow The Huntington's securities traders to easily accept and utilize real-time market information which can be applied to spread sheets and automatically updated. The digital system will also allow The Huntington to economically distribute market and in-house information to its investment offices in Ohio, Indiana and Kentucky.
Carol Morse, BIS general manager for the Americas, comments, "We are very pleased that a leading regional American bank has selected our BIS DR-one solution. We are looking forward to working in partnership with The Huntington and IBM."
Commenting on the installation, Bernie Buda, IBM securities application marketing manager, said, "The Huntington's commitment to the DR-One trading solution is another example of the success of IBM's Business Partner/Alliance Strategy in the financial services industries. IBM continues to successfully use this strategy to provide our customers with world class business solutions."
The Huntington National Bank is the principal subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN), a $12.3 billion regional bank holding company headquartered in Columbus, Ohio. The company's banking subsidiaries operate 267 offices in Ohio, Florida, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia. In addition, the company's trust, mortgage, investment banking and automobile finance subsidiaries manage 48 offices in the seven states mentioned as well as Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, Rhode Island, and Virginia.
(A) Indicates trade mark or registered trademark of IBM Corporation.
/CONTACT: Paula Jurcenko of Huntington, 614-463-4588, or Alan Miller of BIS Banking, 212-339-7500/
(HBAN) CO: Huntington Bancshares Incorporated ST: Ohio IN: FIN SU: 577 04-01-92 14:45 EST LC -- CL012 -- 4029 04/01/92 16:19 EST