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Credit Agricole CIB selects Solace Systems messaging appliances

First Published 10th June 2014

Solace Technology creates platform for growth in FX services market.

Craig Betts, CEO, Solace Systems

Craig Betts, CEO, Solace Systems

"The huge growth in electronic trading across many asset classes is creating new opportunities for many market participants."

Ottawa, Ontario - Solace Systems has announced that Crédit Agricole Corporate and Investment Bank (CIB) will implement Solace messaging appliances 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 can simplify the management of the different systems and improve 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."