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Multi-bank portal Centradia reports three-fold growth

27 February 2004  |  3542 views  |  0 Multi-bank portal Centradia reports three-fold growth

Centradia, the e-treasury marketplace created by Sanpaolo IMI, Santander Central Hispano, Société Générale, and The Royal Bank of Scotland, is reporting double the number of clients and a three-fold increase in transaction volume for 2003 versus 2002.

Launched in November 2001, Centradia offers a range of pre-trade, trade and post-trade products and competitive pricing in FX, money markets and primary fixed income. The platform currently boasts 800+ trading clients, comprised of asset managers, financial institutions and corporates from the European client base of its member banks.

Fabrice Mativat, Centradia's CEO & head of business development, comments: "Centradia has experienced sustained growth in the asset management and financial institution segments, whilst retaining its strong appeal to corporate clients."

He says performance has been fuelled by a steady flow of customer-driven enhancements to pre-trade, trade and post-trade features throughout the year. These improvements include the extension of pre-trade STP as well as the ability to trade in gold and silver.

Another key enhancement was the development of an extended post-trade facility based on Web Services technology, says Mativat.

"Once a client is subscribed to this service by its member bank, the authorised user is able to execute a deal over the telephone with the banks' sales, view the Centradia blotter being automatically updated a few seconds later, and generate the transfer of the transaction to their internal treasury management system," he explains.

This J2EE-based post-trade facility was developed by Centradia Services Limited, the specialised information technology company of the Centradia group, in partnership with Compuware.

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