CA CIB Rolls Out DealHub Post-Trade Platform for FX

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."