TraderTools, a provider of business solutions, software and services to financial institutions trading FX, announced today that BayernLB, one of the largest banks in Germany, licensed TraderTools' Liquidity Management Platform (LMP) as the foundation for its FX trading operations.
The TraderTools platform will deliver full FX liquidity management services, including pricing and liquidity aggregation, dealing, order management, execution and algorithmic trading.
"Throughout our 125-year history, a key objective has always been to answer our customers' demands with the most appropriate products and services available," stated Marc Burgheim, Head of FX Trading at BayernLB. "Today's customers want quick and streamlined FX trading services. With TraderTools' Liquidity Management Platform, we can deliver just that - liquidity aggregation, comprehensive order management and manual or automatic executions using algorithmic trading - with full STP."
"We are looking forward to working with BayernLB to help manage their FX liquidity more efficiently," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "The state-owned BayernLB joins other leading banks in Germany, such as BHF and Dresdner that are using our LMP for global FX."