18 April 2015

Yapi Kredi chooses TradAir rate engine and distribution tech

09 June 2014  |  1189 views  |  0 Source: TradAir

TradAir, the front office optimization solutions provider, announced today that Yapi Kredi, one of the largest banks in Turkey, has selected the TradAir Rate Engine and Distribution solution for its global foreign exchange (FX) trading desk.

Yapi Kredi will use TradAir Rate Engine and Distribution, the only neutral price distribution network, to stream to various platforms as well as to Yapi Kredi's internal branch network. TradAir offers the largest market maker liquidity network including single dealer bank platforms as well as all major ECN, brokers and exchanges.

TradAir offers a modular suite of front office optimization solutions, including TradAir Rate Engine, TradAir Distribution, TradAir Aggregation, TradAir White Label and TradAir Algo. Using TradAir products, banks such as Yapi Kredi are able to provide better pricing for their customers and improve their distribution to and penetration of global markets, introducing new revenues.

Illit Geller, CEO, TradAir said: "We are delighted that Yapi Kredi, a leading and innovative Turkish bank, has chosen TradAir Rate Engine and Distribution for its global FX trading desk, delivering customized price distribution to its clients and branch network. As a result, Yapi Kredi will be able to participate in the FX market alongside the leading global banks on an equal footing. We look forward to working with Yapi Kredi and building on our relationship going forward."

TradAir's technology brings together all the functions of source selection, pricing, distribution, risk and order management as well as hedging in one single intuitive and customizable screen. Traders no longer need to view multiple screens to manage and participate in their local currency pricing/trading; instead they can focus on expanding their market opportunities. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6651 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6397 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6096 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4762 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4547 views 10 comments | 36 tweets | 13 linkedin

Featured job

Competitive base & commission + equity
New York City, NY, USA

Find your next job