ČSOB SK has cooperated with CTS TRADE IT since 2015 on comprehensive solutions to meet its needs. The current CTS product implementation is expanded and automates custody processes, provides a direct connection for ČSOB SK to the Bratislava Stock Exchange and the Central Securities Depository, including the successful migration to the T2S European securities settlement platform.
Thanks to this solution from CTS, ČSOB has received a stable and high performance system that has streamlined internal processes, which decreasing operating costs in addition to improving the quality of services for its clients. The implementation of both the new European MiFID II / MiFIR directives, which brought about fundamental changes in the provision of investment services, and new GDPR for personal data protection, were also successful.
We’ve cooperated with CTS TRADE IT since 2016. We primarily use the CTS system for custody services. I appreciate the reliability and flexibility of our cooperation, and the fact that CTS TRADE IT always strives to design the optimum solution to meet our needs.
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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