42 Financial Services
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The aim of the project was to replace the previous outdated system with a new IT solution that increases process automation, meets regulatory requirements and seamlessly integrates with the new trading platform for IDB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."
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CTS implementation at Slovenská sporiteľňa
CTS implementation resulted in a reduction in operating costs for the treasury department thanks to higher quality IT support for securities trading processes on both domestic and foreign stock exchanges and a more effective connection to the central securities depository in Slovakia, including direct support for the sales of treasury products in the bank’s branch network
