New core system supporting OTF business development at 42FS

23. June 2023

42 Financial Services selected CTS TRADE IT for the extensive project of implementing a new core system to support OTF business development. The aim of the project was to replace the previous outdated system with a new IT solution that increases process automation, meets regulatory requirements and seamlessly integrates with the new trading platform for IDB products.

The custom modular software tailored to the specific needs of 42FS receives and processes OTF orders and transactions and generates regulatory reports. CTS TRADE IT successfully achieved its goal of creating a new core system that automates and digitizes key business processes at 42 Financial Services. The new system has significantly accelerated the retrieval of orders and transactions from 42FS trading platforms and significantly reduced the risk of errors in trade settlement through automation.

“As a leader in OTC derivatives and commodity trading, our goal is to provide clients modern and innovative services that expand their trading opportunities within our Organized Trading Facility (OTF). The successful implementation of the new core system will significantly impact our future business growth and give us a competitive advantage in the market. We are delighted to have chosen CTS TRADE IT for this project and together are embracing automation and software optimization. This year, our goal is to expand our product portfolio, with new offerings currently being implemented in the second phase of CTS42 development. Our company is built on innovation and continuous improvement. That is why we are very pleased to be able to introduce such a modern and powerful trading system that meets the needs of our clients and fully responds to ever-increasing regulatory requirements. Investing in a new IT system and expanding our product portfolio allows us to provide first-class services and create successful investment opportunities for our clients", emphasizes Dalibor Černička, Chief Executive Officer of 42 Financial Services.

“CTS TRADE IT strives to maximize value added for our clients in every project. Thanks to the new CTS42 core system, 42 Financial Services will be able to provide modern and efficient investment services, giving it a strong competitive market position in the future. We are pleased with the very successful collaboration on this project, which also makes a lot of sense for us in terms of diversifying within investment banking", adds Pavel Žilák, Account Delivery Manager of CTS TRADE IT.

42 Financial Services is an innovative and flexible company providing specific services to financial institutions in the interbank and energy markets in Central and Eastern Europe. It trades bonds, deposits, derivatives, electricity, gas and permits on European exchanges, as well as products on the over-the-counter market.

CTS TRADE IT a.s. is a Czech supplier of investment software for digitization and automation in the finance and banking sector. In addition to our own versatile CTS platforms providing comprehensive investment solutions for securities trading and disbursement, CTS TRADE IT also offers custom solutions tailored to the specific needs and requirements of its clients. Whether it’s system architecture design, a user-friendly front end or fast back end, integration with existing systems or secure migration of large volumes of data, CTS TRADE IT has got you covered.