At the beginning of March 2021 CTS TRADE IT entered into an agreement to implement a core system supporting the business development of the broker 42 Financial Services (42FS). 42FS belongs to the one of the companies with an OTF (Organized Trading Facility) license, focusing on trading in financial products, including derivatives and commodities within Europe.
42FS is the only company outside the UK to be a member of the Energy Brokers Association (LEBA). Among other things 42FS quotes are included in the selected products price calculation within the EU.
The aim of the whole project is the replacement of existing systems with a new comprehensive IT solution consisting in the implementation of a new unified modular software for receiving and processing instructions and transactions on OTF, regulatory reporting and monitoring the management of client positions in commodity derivatives.
"We are pleased to have been selected as a new supplier with many years of financial markets‘ experience whose software is successfully equipped at major investment banks within our region," notes Pavel Žilák, Account Delivery Manager at CTS TRADE IT a.s.