Credit Agricole conducts FX forwards with Orchestrade

The bank is migrating all front-to-middle processing of vanilla and structured products to the platform

Migration
Cutting edge: "Orchestrade enabled us to improve risk performance…and reduce costs" – Thomas Spitz

Credit Agricole CIB has partnered Orchestrade Financial Systems, a technology platform for cross-asset trading and risk management, to revamp its interest rate derivatives and FX forwards trading operations.

As part of the deal, announced on February 20, the French bank will migrate all front-to-middle office processing of vanilla and structured products to Orchestrade, which it will use to run trading and real-time calculations.

"Orchestrade enabled us to improve risk performance, keep up with