AFT, the French Treasury, uses TRADIX to support the French government's debt and cash management tasks
GL TRADE, global provider of front-to-back office software solutions for international financial institutions, announces the rollout of the Tradix back-office module at the French Treasury (AFT). AFT uses the TRADIX solution to handle and administrate all market operations from trade capture to settlement.
TRADIX provides automatic and secure processing of settlement-delivery instructions and cash flow operations. TRADIX generates all financial events used for trade confirmations and automatically transfers them to the French Treasury's Central Accounting Agency (ACCT).
âWith TRADIX we can securely monitor all market operations from order placement to settlement then, adjust and balance our managed accounts in the accounting standards used by the financial sector on a daily basis", says Jean-Pierre Cornillaut, Head of IT at AFT. "GL TRADEâs Cash management module was also chosen by AFT to forecast and track cashflow for the French government's consolidated account. The official launch is planned for early 2007.â
"We are delighted that AFT has chosen TRADIX to manage the French government's debt and cash flow tasks", adds Natalie Samson-ThÃ©venon, TRADIX Business Line Manager, GL TRADE. "TRADIX guarantees data integrity and enhances quality control and processing efficiency. Launched in 2004, this successful project will allow us to affirm TRADIX as a competitive and efficient solution that is able to respond to market requirements and current regulatory restrictions", she concludes.
TRADIX is a comprehensive and modular solution designed to meet market requirements in terms of transaction management for a broad spectrum of financial tools with functions such as position management, valuation and risk and back-office management. GL TRADE is now able to offer TRADIX to all its French and foreign clients.