finalization of the implementation of its Ubitrade Futures & Options (Ubix)
back-office system for Exane, France's foremost independent broker, leader
on equity derivatives and index derivatives listed on Monep and on Idem.
Exane is the largest French independent broker and a European leader
specialising in the secondary equity and equity derivatives markets. They rank first in trading for French listed equity derivatives as well as for
STOXX options on Eurex. They are market makers on Monep, Eurex and Idem
(the Italian derivatives market). They are also members of all main
Exane has acquired Ubitrade Futures and Options (Ubix) to support their
operations on these markets. Ubitrade Futures and Options (Ubix) is a
complete STP solution for listed derivatives on all major world financial
Exane has also purchased Net@cces to enable their staff to access on-line
key back-office information, thus reducing processing costs.
Ubitrade Futures & Options (Ubix) was selected after Exane had carried out
a comparative review of alternative solutions, including a facilities
management contract with a leading FCM. Ubitrade proved to have the most
economical and efficient solution.
Mr. Yannick Gleyen, Chief Financial Officer, Exane, commented: "We were
impressed with Ubitrade's technology, which is perfectly adapted to that
used by the Exchanges today, the company's stability and their product
A key element in our decision was also Ubitrade's ability to implement its
solution within a short period of time (five months). It is now live, since
the beginning of April."
Jean-Luc Wibaux, Chief Executive Officer, Ubitrade, commented: " We are
happy to have contracted with Exane and are proud to have successfully
implemented our back-office system while keeping-up with an aggressive time
schedule. This deal confirms Ubitrade's outstanding place on the Paris market".