VTB Bank Europe plc, has selected SONARIS/Bonds, the high-performance bond pricing engine from ORIMOS, a leading provider of front-office technology.
VTB traders and sales benefit from the comprehensive functionality offered by SONARIS, ranging from pricing and real-time risk to market alerts and history charts for prices, yields and spreads.
George Niedringhaus, Managing Director, Head of VTB Europe's Fixed Income Sales and Trading, comments: "We needed to overhaul our trading capabilities quickly so we focused on the most capable off-the-shelf solutions in the market. Specifically, we needed a state-of-the-art pricing engine which would give our emerging market fixed income traders superior analytics and up-to-the-minute market awareness. After careful review, SONARIS came out on top and we are pleased with how responsive they have been with our requests for productivity-enhancing customization."
Chris Axton, Head of VTB IT, London, added: "Putting a system in place that fits our requirements, integrates with our infrastructure and simply runs with low operational overhead were our top priorities. SONARIS meets all of these needs."
Guido Hagemann, CEO, ORIMOS, said: "We are extremely pleased that ORIMOS was the selected provider of pricing and analytics to VTB. This is our first Russian client and further expands our emerging market product usage and presence."