Real Time Risk and P&L: Natixis integrates ActivePivot with SummitFT for its interest rate derivatives & fixed income business

"Quartet's ActivePivot solution resolved many key business and technical issues for us and took the difficult and costly once-required maintenance out of our IT staff's day-to-day task therefore allowing our traders themselves to create the views they wanted, easily and with enhanced functionality as well."- Laurent Fernandez, Head of Front Office IT

Natixis, a new leading bank with 23,000 employees in 68 countries, Natixis is the banking partner of businesses and institutions around the world. Natixis, the “investments and projects bank,” is the jointly held bank of Caisse d’Epargne and Banque Populaire in France. Natixis has developed, through its worldwide network, the following five combined areas of expertise: corporate and investment banking, asset management, private equity and private banking, services and receivables management. Natixis is recognized worldwide for its expertise in credit insurance, private equity and structured finance including real estate, commodities, assetbacked finance and leveraged finance.

Natixis engaged Quartet Financial Systems when they realized their existing application was expensive to create and maintain, had multiple points of failure, based on end-of-day data only, and was both slow and difficult to deploy. The application generated and reported multiple risks (emphasis on basis risk – i.e. term, sector, and currency basis) and profit and loss figures for their short-term interest rate derivatives trading business), based on a data warehouse, extract-transfer-load mechanism and complex Excel macros.

To find out more download the Natixis ActivePivot™ case study