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Commerzbank Securities selects Sabrenet ASP

28 April 2004  |  536 views  |  0

Commerzbank Securities has selected Sabrenet Application Service Provider (ASP) to enhance the electronic execution services offered to its clients. Sabrenet ASP, developed by London based front office solutions provider FinScope, will allow buy side clients to graphically model and apply sophisticated execution instructions to FIX orders via a browser.

Julian Dixon, Head of Equity Electronic Product at Commerzbank Securities said: "Commerzbank Securities (ComSec) is pleased to announce that we will be offering FinScope's Sabrenet service to our clients. We feel the flexibility of the software, coupled with our execution algorithms, will further enhance our clients' choices in execution methods."

Sabrenet ASP works in conjunction with Sabre, FinScope’s Advanced Execution System (AES) which is already in use at Commerzbank Securities. Gordon Baker, CEO of FinScope said: “Sabrenet will give Commerzbank Securities clients real control of their orders being worked by Sabre AES, offering them a valuable new set of capabilities for viewing and managing their automated trading. Sabrenet ASP will deliver real, measurable business advantage to its Buy side users."

Sabrenet ASP uses the robust and highly regarded FIX routing service of TransactTools and will be demonstrated by FinScope at Trading Technology 2004 in Paris, 28th-29th April 2004.

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