Canadian financial group RBC is looking to improve transaction processing across its capital markets businesses with the implementation of Sophis’ trading and risk management solution.
Paris-based Sophis, will supply RBC with its sell-side solution, Risque, which it will implement across its capital markets businesses globally.
Sophis says the solution will improve reporting, enhance market risk controls and minimize operational risks. RBC will implement the system across global arbitrage trading, structured products, synthetic fund of funds and convertible bonds desks located in New York, London and Tokyo.
The vendor says, by implementing Risque, RBC meets regulatory requirements and can expect to manage operational risk in the middle and back office effectively.
Peter Sanchez, global head of operations, capital markets and securities RBC, said, We wanted a single system to manage multiple instruments across several locations globally. We are pleased to have worked with Sophis to achieve this.