Source: Quod Financial
Quod Financial, a leading provider of adaptive trading technology, announced today that Metzler Bank, one of the leading family-owned banks in Germany, went live with its Adaptive Execution Platform (AEP).
AEP provides Metzler with a comprehensive trading and execution solution covering pre-trade risk management, algorithmic trading and smart order routing capabilities for equities as well as complete European market connectivity (including BATS / Chi-X, Turquoise). In the 2nd half of 2015 Metzler will continue with the implementation of order management and client connectivity.
At this stage, Metzler will be using a hybrid solution whereby connectivity to the market is provided via QuodNet, Quod Financial's Software as a Service (SaaS) environment, and the rest will be covered through the Enterprise delivery mode.
Sven Knauer, Head of Equity Trading in Metzler Bank, said, "Metzler is focused on providing sophisticated solutions tailored to meet our clients' needs and with Quod Financial's technology we believe this mission can be achieved. International expertise of Quod together with Metzler's strong experience on German market will allow our clients to receive the best possible services."
Ali Pichvai, CEO of Quod Financial, commented, "We are pleased to have Metzler Bank, the oldest private bank in Germany with an unbroken tradition of family ownership, as a client. Being an independent privately owned company, Quod Financial shares values which Metzler holds and puts clients' interests on the first place. We hope to provide both bank and its customers with an excellent technology to support their continuous growth."