IXIS Investor Services Chooses TRADIX for FOREX and OTC Treasury Back-Office Operations

GL TRADE is delighted to announce the purchase of TRADIX, a set of cross-asset, front-to-back solutions, by IXIS Investor Services (IXIS IS), the custody and investors services bank of Groupe Caisse d’Epargne, the 3rd largest French banking network.

TRADIX will become the bank’s post-trade tool for all FOREX and OTC Treasury activities for asset managers, clients of IXIS IS. The system offers multiple functionalities, including the generation and management of cash flows and payment instructions, the creation of event reports and the classification of depositors, indicating their funds and reporting.

"Thanks to its open architecture, TRADIX was easy to integrate into our information system" says Jean-Marc Eyssautier, Operations Director at IXIS IS. "With TRADIX, we can improve Straight Through Processing, by integrating instructions automatically and in real time. It also offers an automa tic workflow management (exceptions and alert management). The flexibility
and adaptability of TRADIX were key elements in our decision, in addition to the high-quality of support offered to our teams."

Adel Torjmen, TRADIX Manager with GL TRADE, added: "TRADIX open architecture
guarantees data integrity, enhances quality control and process efficiency, which in turn reduces operational risk and processing costs. This is the optimal answer to current normative constraints."

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