Efiposte, the investment company of La Poste Group, has signed an agreement with Reuters to integrate its suite of front-to-back office trading applications using Tibco BusinessWorks.
Under terms of the deal, Reuters will deliver the Tibco BusinessWorks platform to manage standard aspects of Efiposte's bonds, money market and derivatives trading business. The platform will link the investment firm's front and back office systems, and streamline systems servicing for customers and external counterparties.
Philippe Bajou, managing director of Efiposte, says: "The combination of Reuters and Tibco BusinessWorks offers a robust yet easy to use solution, which can be deployed quickly allowing us to reap the benefits of a more integrated and streamlined business.”
Deployment of the platform has already begun, with live operations scheduled for the beginning of Q3.