Ixis Investor Services, the custody arm of France's Groupe Caisse d'Epargne, has licensed GL Trade's trading and order management system, Tradix.
Tradix will integrated with the bank's existing information system and will be used by Ixis's asset manager clients to support post-trade FX and OTC treasury transactions. The system supports the generation and management of cash flows and payment instructions, and the creation of event reports.
Jean-Marc Eyssautier, operations director at the bank, says: "With Tradix, we can improve straight-through processing, by integrating instructions automatically and in real time."
GL Trade acquired the Tradix technology when it bought out Paris-based vendor Ubitrade Group in December last year.