Quod Financial, the leading multi-asset trading and OMS provider, has today announced that it has embedded TIBCO Rendezvous in its core product's trading solution.
TIBCO Software Inc., a leading enabler of real-time business and the world's largest independent business integration software company, has supplied Rendezvous to drive Quod Financial's trading and market data service.
Quod Financial is designed to respond to important shifts in the capital market, namely, the globalization of the capital market and its players, the fragmentation of liquidity, and the demand for ever more value-added cross-asset and liquid investment products. Quod Financial provides a powerful, flexible and client-centric solution efficiently addressing complex multi-listed cross-asset execution and routing, order management, algorithmic trading, pre-trade risk management, reporting and compliance services.
By embedding TIBCO Rendezvous for the trading and market data service-driven architecture, Quod Financial achieved their objectives of high performance, and lowest latency whilst responding to complex trading requirements. In addition, Quod Financial extensively utilized the industrial-class technical services within the TIBCO world, such as resilience, application load-balancing, and global message routing.
Finally, Quod Financial leverages the wealth of TIBCO technology, in terms of EAI (Enterprise Application Integration) to connect to other systems entering into the trading chain, from middle to back office and CRM.
Ali Pichvai, Managing Director of Quod Financial said, "With the current seismic changes, electronic trading is entering a new age. Where trading intelligence used to be outsourced to a centralized liquidity pool, there is dire necessity to bring it back to the trading system. In order to achieve the best investment and execution strategies, the new services and systems need to be liquidity-seeking and adaptive to the dynamic trading conditions, while offering high performance pre-trade risk, cross-asset execution and analytics. Our philosophy is to use the best of breed technology, which meant TIBCO."
"Financial services companies demand an infrastructure that can proactively respond to rapidly changing business needs and compliance requirements," said Murat Sonmez, executive vice president, Global Field Operations. "Together with TIBCO, Quod Financial is creating a truly powerful solution able to respond to changes in the capital markets with greater agility and speed."