How a Canadian Bank Transformed Its Locates Process

Challenge

A multinational bank was having stability and performance issues, which were hindering its ability to provide immediate, competitive locates to hedge fund clients. These issues also heightened regulatory risk, creating compliance concerns that needed to be addressed urgently.

Solution

After careful analysis and consideration, the bank chose Trading Apps’ Locates solution. Both firms collaborated on an integration study to carefully lay out an integration plan, that led to implementing the Locates solution on-premise to meet its strict technical and security requirements. The engagement required Trading Apps to meet the following goals:

➡️  Seamless Integration: The solution was customized to maintain the familiar look and feel of the bank’s previous system while integrating with both internal and third-party platforms.

➡️  Automated Efficiency: Trading Apps’ Locates solution consolidates availability from multiple sources, scaling the trade process instantly and ensuring optimized pricing, full compliance, and zero manual effort.

➡️  Boost Productivity: Traders can now respond instantly to locate requests, maximize profitability, and stay compliant without the inefficiencies of manual processes.

Results

By deploying Trading Apps’ Locates solution, the bank eliminated operational inefficiencies, reduced risk, and empowered traders to provide locates faster and deal with more competitively than ever before.

✅  Stability and performance issues were immediately resolved, restoring confidence in the bank’s locates requirements.

✅  Regulatory compliance was significantly strengthened, reducing risk exposure.

✅  A future-proof technical solution was implemented, enabling seamless adaptability to future requirements.