Aphelion has announced that Finnish bank Pohjola Bank plc ("Pohjola") - part of OP-Pohjola Group - which is the biggest financial services group in Finland, offering banking, investment and insurance services, has chosen the Quasar eFX product suite.
Quasar eFX includes an FX pricing and rate engine, FX rule-based decision and autotrading system, White-labelling single bank portal, FX order management and FX Liquidity management including aggregation, autohedge and algorithmic execution.
"Trading generally is a highly competitive environment and foreign exchange specifically even more so. We can see that in order to be successful we need to automate the trading processes where possible and our objective is to service our customers better with faster responses to their RFQs and even more competitive prices" Says Mikko Räsänen, Head of Foreign Exchange and Money Markets at Pohjola.
"Partnering with Aphelion and implementing Quasar will open up new possibilities to the bank/for Pohjola and enables us to compete with the top Nordic banks. We will start by servicing our clients on the multibank portals FXall and 360T but we are looking to add more multibank portals as well as our own single bank portal." Says Jarmo Koukonen, Head of FX and MM, Sales and Trading at Pohjola.
"We are very pleased to have been selected by Pohjola and looking forward to working with them in providing their new FX environment," said Peter Jörgne, CEO at Aphelion.