CTS TRADE IT which provides software solutions to many banks to access for capital markets has acquired a new client. It is a securities trader SAB o.c.p.
The CTS system will provide to SAB financial group the new possibility to offer its clients the opening of an asset account in the Czech Central Depository of securities.
"SAB o.c.p has great potential and we are glad to be able to participate in its development. The first step is access to the Central Securities Depository. I believe that cooperation will continue in other areas in the future," said Tomáš Gavlas, Chairman of the Board, CTS Trade IT.
The CTS system which will be implemented at the headquarters of the company will allow the financial group access to the Central Securities Depository which will register and manage the shareholders, carry out custody transfers and keep the related ISB accounts - the customer account.
"We chose the CTS system based on the positive references and market experience. We were looking for a reliable solution to our needs and we did not want to experiment and implement a provisional system that would not have potential in the future. Based on the complexity and capabilities of CTS system we are gaining a tool supporting our long-term business strategy, "says Martin Farský, Head of Division Support, SAB o.c.p.
The CTS system is compliant with European directives requirements, such as GDPR or MiFID II and it is ready for local regulator reporting.