Finastra’s acquisition of eFX trading supplier Olfa Soft


International law firm Pinsent Masons and Swiss law firm Niederer Kraft & Frey have advised Finastra on the acquisition of Olfa Soft SA and its cutting edge FX e-trading platform for banks and financial institutions.

The move enables Finastra to deliver a unique end-to-end real-time eFX trading solution for banks’ treasury departments, covering distribution, position-keeping, post-trade and payments.

Based in Geneva, Switzerland, Olfa Soft specializes in the field of trading platform design and integration, providing seamless FX services.

The Olfa Soft platform enables bank and corporate treasury departments to manage FX positions and exposures in real-time from 48 liquidity providers. It has already been deployed as a micro-service on the Finastra FusionFabric architecture, providing cloud-based access to capital markets clients.

The Pinsent Masons team advising Finastra was led by Partner Andrew McMillan and supported by Corporate Associate, Chris Watts. The team also included Minerva Vanni (Corporate), Samantha Livesey (Commercial), Felicity Parsons (Commercial), Samuel Hall (Commercial) and Satvi Vepa (Tax).

Swiss law advice was provided by Niederer Kraft & Frey AG, led by Clara-Ann Gordon (TMT), Patrik Peyer (M&A, Corporate, in picture) and Manuel Werder (M&A, Corporate). The team also included Moritz Maurer (M&A, Corporate), Victor Stancescu (M&A, Corporate), Andrea Nordin (Tax), Christina Rinne (VAT), Andreas Vögeli (Real Estate), Oliver Zbinden (Real Estate), Carlo Egle (M&A, Corporate), Anne-Catherine Cardinaux (M&A, Corporate), Catherine Grun (Employment), Laurence Uttinger (Pensions).

Involved fees earner: Patrik Peyer – Niederer Kraft & Frey Ltd; Manuel Werder – Niederer Kraft & Frey Ltd; Moritz Maurer – Niederer Kraft & Frey Ltd; Victor Stancescu – Niederer Kraft & Frey Ltd; Carlo Egle – Niederer Kraft & Frey Ltd; Anne-Catherine Cardinaux – Niederer Kraft & Frey Ltd; Clara-Ann Gordon – Niederer Kraft & Frey Ltd; Andrea Nordin – Niederer Kraft & Frey Ltd; Christina Rinne – Niederer Kraft & Frey Ltd; Andreas Vögeli – Niederer Kraft & Frey Ltd; Oliver Zbinden – Niederer Kraft & Frey Ltd; Catherine Grun – Niederer Kraft & Frey Ltd; Laurence Uttinger – Niederer Kraft & Frey Ltd; Andrew McMillan – Pinsent Masons; Chris Watts – Pinsent Masons; Minerva Vanni – Pinsent Masons; Samantha Livesey – Pinsent Masons; Felicity Parsons – Pinsent Masons; Samuel Hall – Pinsent Masons; Satvi Vepa – Pinsent Masons;

Law Firms: Niederer Kraft & Frey Ltd; Pinsent Masons;

Clients: Finastra;