Dexia Securities France has chosen SLIB software applications for the middle and back office management of its new direct access to the London Stock Exchange (LSE).
Under its newly acquired status of Trading Member Firm (TMF) on the LSE segments SETS / SETSmm, Dexia Securities France will benefit from SLIB’s experience about the specific processing related to the London exchange and will thus become the sixth organisation to use SLIB applications for the LSE.
The SLIB applications support all necessary functionality for a TMF on the LSE such as: initialisation and maintenance of the key data in securities and accounts master files, local practices and management of fees adapted to these specifics.
The receipt via its clearer of LCH.Clearnet files and their matching are also automatically processed, as well as the provision of required data for local statutory reporting.
Since Dexia Securities France is already using the SLIB applications to support its broker business on the Paris exchange, it will also take advantage of the seamless integration of these new LSE transactions into the existing SLIB back-office and accounting processing platform.