Credit Agricole Deploys Post-Trade FX Technology From DealHub

DealHub announced today that Credit Agricole Corporate and Investment Bank is deploying its FX post-trade connectivity platform. Under the current deal, Credit Agricole will be using DealHub’s technology to power its post-trade needs, with the solution being integrated to its existing front-end solution that is being provided to clients and used for internal trading.

As per their name, DealHub’s post-trade solution provides banks with a unified interface to monitor its post-trade operations, including the straight-through processing of trades to multiple Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers, compliance reporting and automation of workflow. Due to the fragmentation of the FX market, post-trade software is a key item for banks and brokers used to monitor reconciliation of trades, provide real-time Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term information, as well as regulatory reports. According to DealHub, the firm’s technology is used by 16 of the top 20 global FX banks.

About the decision to use DealHub, Benjamin Gedeon, Global Head of Forex IT at Credit Agricole, commented, “Having evaluated a number of options to rationalise multiple post trade infrastructures, a key reason that we chose DealHub is because they offer more than just a connectivity pipe. 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."

Also adding a comment in the joint public statement was Chris Leaver, DealHub COO, who said, “The successful DealHub roll out at Crédit Agricole CIB is a great example of the value DealHub’s flexible platform can deliver in post-trade, going far beyond standard STP connectivity."