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 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 information, as well as regulatory reports. According to DealHub, the firm’s technology is used by 16 of the top 20 global FX banks.

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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.”