Socit Generale installs TraderTools order management system

TraderTools LLC has announced the successful installation of its OrderTools component by SG Corporate & Investment Banking (SG CIB) Foreign Exchange Global Institutional Sales offices in New York, London and Sydney.

First Published by e-Forex News: July, 2004

TraderTools LLC has announced the successful installation of its OrderTools component by SG Corporate & Investment Banking (SG CIB) Foreign Exchange Global Institutional Sales offices in New York, London and Sydney. SG CIB, of the Socit Generale Group, intends to use the TraderTools' STPlatform component to upgrade and enhance its electronic foreign exchange ordering system with spot orders, forwards and futures, including Exchange For Physical (EFP) synthetic contracts.
"OrderTools was chosen to help us reduce our operational risk," explained Jay Green, Head of e-Commerce at SG CIB, New York. "Its database replication feature allows us to 'pass the book' seamlessly between offices on opposite sides of the world." "Another key advantage of OrderTools is that it enables SG CIB to rapidly introduce new products, as they develop, in a highly competitive marketplace," added Yaacov Heidingsfeld, COO of TraderTools.