Paris-based Caisse Nationale des Caisses d'Epargne (CNCE) is deploying a liquidity management system from French vendor Smart Trade Technologies to deliver automated electronic trading services to its 17 member banks.
CNCE - which acts as a central bank for the 17 Group Caisse d'Epargne savings banks - will use Smart Trade's Transaction Platform (STTP) to source liquidity from its internal pricing engines and distribute it to members. The system is already in production, currently handling money market instruments.
Jean-François Saudrais, directeur du département de la Gestion Financière, CNCE treasury management says there was a "need to provide automated electronic trading services to Groupe Caisse d'Epargne and its subsidiaries, which required a highly flexible system, using real-time Web technology designed according to CNCE's precise graphical requirement and own ergonomics."
Time to market was also a factor says Harry Gozlan, CEO and founder at Smart Trade. "They wanted to quickly source, test and launch a transaction platform for their corporate treasury management team that met strict design and implementation money-market operation constraints linking traders, market makers and clients," he says.