Conference Dailys TRADETech FX Daily 2018 | Page 22

THETRADETECHFX DA I LY
last year, for example, Crédit Agricole Corporate
& Investment Bank (CIB) decided to replace its
legacy systems for FX trading through a part-
nership with Orchestrade Financial Systems. All
front-to-middle office processing of vanilla and
“It’s difficult for legacy
systems to hold big data
and analytics, and provide
accurate information.”
MPUMI MAKHUBU, MANAGER, EFX,
PRODUCT, STANDARD BANK
structured products from two legacy platforms
were overhauled and migrated to Orchestrade’s
platform.
Global head of the trading division at Crédit
Agricole CIB, Thomas Spitz, said at the time
that the overhaul meant the business was able
to improve risk performance, keep up with new
regulatory changes and reduce costs. Post im-
plementation, Orchestrade added that the bank
has seen improved efficiency alongside one
consistent platform used by the sales, trading,
risk and operations teams.
Connectivity and liquidity
Achieving low latency connectivity to various
global FX venues and the data that those con-
nections accumulate remains one of the biggest
challenges for large FX firms. Alina Karpichenko,
global marketing manager at IT infrastructure
provider Avelacom, says the vendor works with
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THETRADETECHFX DAILY
Issue 1
market review
a number of institutional trading firms and is
seeing an increased demand for direct access to
multiple trading venues.
“It could be exchanges, ECNs, bank and non-
bank liquidity providers with matching servers
located across multiple datacentres around the
world. What makes it even more complicated
is that FX trading is primarily latency sensitive,
that’s why reliable and low latency connectivity
to multiple venues globally is a key challenge,”
she says.
Global FX markets face shrinking bank balance
sheets and an increasing amount of venues with
varying trading protocols, meaning institutions
must process literally tens of thousands of piec-
es of data every second. Liquidity condit