MPE Trésorerie, a French consultancy specialising in treasury management, has signed an agreement to market and distribute Ubitrade's trading and risk management system, Tradix, as a hosted service.
The consultancy will deliver Ubitrade's treasury, fixed income and credit system in ASP form to small and medium-sized firms. Tradix provides a pricing screen using standard models and offers market data capture and deal capture in conformance with Isda standards.
Commenting on the ASP service, Claude Mazars at MPE Trésorerie, says: "It allows any company to set up a treasury decision-making portal, requiring no hardware, software nor network investment."