CA CIB Rolls Out DealHub Post-Trade Platform for FX
DealHub will give CA CIB a single platform for complex trade processing tasks.
It will help Crédit Agricole to cut down the cost of its post-trade operations by providing a single interface for complex-trade processing tasks, trade routing and processing, therefore achieving straight-through processing (STP), compliance and post-trade workflow automation in their foreign exchange business.
"Having evaluated a number of options to rationalize multiple post trade infrastructures, a key reason that we chose DealHub is because they offer more than just a connectivity pipe," says Benjamin Gedeon, the global head of Forex IT at Crédit Agricole CIB. "The rules engine gives us the flexibility we need to rapidly evolve our infrastructure and workflows in a fast changing market, while the user interface provides valuable transparency for both our trading operations and compliance teams. DealHub have delivered a fast, smooth roll-out of the platform, which proved its capacity and resilience with a flawless performance during recent market volatility".
DealHub's post trade platform incorporates connectivity to more than 50 execution venues and bank platforms, as well trade publishing. The platform is also said to be uniquely capable of capturing the output of conversational dealing and chat platforms and seamlessly integrate this with flow from eFX channels.
"We've honed our technology and expertise during fifteen years of working to optimise the post trade processes of the world's largest banks," says Chris Leaver, DealHub COO. "As a result, our platform now has unrivalled connectivity, perfor, performance, and workflow flexibility that's helping banks of all shapes and sizes reduce both cost and complexity, with fast implementation times ensuring benefits are quickly realised."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
CME: CFTC OKs clearing move to Google Cloud
The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.