Canadian Bank Boosts Efficiency and Reduces Risk

Challenge

A Canadian multinational banking and financial services corporation was struggling to provide fast and efficient locates to its hedge fund clients. Their in-house system was slow, causing production bottlenecks and performance issues. Traders wasted time manually extracting volume data from multiple disparate systems, making availability posting inefficient and time-consuming, while also introducing regulatory risk.

Solution

The bank conducted industry and multiple vendor reviews, decided to select Trading Apps’ Locates and Push Lists solutions to streamline operations, automate processes, and improve compliance.

➡️  Locates: Trading Apps’ Locates solution was able to consolidate availability from multiple sources, scaling the trade process instantly while ensuring real-time responses, optimized pricing, and full compliance without manual intervention. Traders are now able to respond instantly, maximize profitability, and eliminate inefficiencies.

➡️  Push Lists: Push Lists enabled the bank to create custom availability lists based on multiple parameters, ensuring efficient and targeted postings to key borrowers.

Results

By deploying Trading Apps’ Locates and Push Lists, the bank eliminated manual inefficiencies, reduced regulatory risk, and gained a faster, more competitive locates process, driving success in securities lending.

✅  Seamless Integration: Locates was implemented in just four months, integrating with multiple systems for instrument, counterparty, and static data.

✅  Automation & Efficiency: Trading Apps built loaders for 70+ supply file layouts, consolidating availability and eliminating manual data extraction.

✅  Regulatory Compliance & Risk Reduction: Automated storage and easy retrieval of historical data for seven years ensures compliance with regulatory requirements.

✅  Improved Performance & Competitive Edge: Faster performance enabled more competitive and successful availability postings.

✅  Future-Proof & Scalable: The bank’s cloud-based architecture now allows seamless introduction of new functionalities, ensuring long-term flexibility and compliance.