Crédit Agricole (CIB) Selects Solace Systems Messaging Appliances for Next Generation eTrading Platform
Solace Systems announced that Crédit Agricole Corporate and Investment Bank (CIB), has decided to implement Solace messaging appliances as the data distribution backbone as part of its continuous investment in low latency electronic trading in FX, Rates and Bonds.
The electronic market landscape is evolving rapidly, and we need to service our client needs with reliable, robust, low-latency technology said Stamos Fokianos, Global Head of eBusiness for the Global Markets Division at Crédit Agricole CIB.
After a careful study of available technologies, we found that Solace most closely matched our targets and aspirations in the eBusiness space.
Unifying all messaging on Solace simplifies the management of the different systems and improves reliability, flexibility and scalability. Crédit Agricole CIB sees significant growth opportunities in eBusiness in its chosen segments and geographies, and uses technology as a key differentiator.
The huge growth in electronic trading across many asset classes is creating new opportunities for many market participants, said Craig Betts, CEO, Solace Systems. We are very pleased to be helping Crédit Agricole CIB advance their eTrading services in Europe and other markets around the world.
About Crédit Agricole CIB
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the worlds fifth largest bank by total assets (The Banker, July 2013). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, investment banking, structured finance and corporate banking.
About Solace Systems
Solace enables application-aware networks with its message routers that improve the way information moves between distributed applications. High-speed, reliable information sharing is an essential part of virtually all modern IT initiatives from accelerating legacy business processes to enabling big data, cloud computing and the Internet of Things. Solace message routers unify many kinds of data movement so companies can efficiently and cost-effectively move all of the information associated with better serving customers and making smarter decisions. Solace is a leading provider of application-aware networking equipment, with a rapidly growing customer base that spans all major industries.
Source: itbusinessnet
