22 October 2017
Register now

DrKW to deliver bond and gilt quotes over Proquote

14 June 2006  |  1572 views  |  0 Source: Dresdner Kleinwort Wasserstein

Dresdner Kleinwort Wasserstein (DrKW), the investment bank of Dresdner Bank AG, today announced that it has become the first bank to offer a full range of tradeable bond prices over the London Stock Exchange's Proquote system, commencing with gilts.

Proquote is a provider of global and UK centric financial market data and trading functionality to over 3000 terminals and 200 corporate clients. The move by DrKW to offer bond and gilt prices and trading over Proquote is aimed at the Private Client Investment Management (PCIM) community.

The provision of bond and gilt prices over Proquote represents a significant first for DrKW and gives PCIMs the opportunity to access and trade on prices that have previously been unavailable to them. Proquote delivers prices and functionality direct to users via a PC or laptop with no additional infrastructure and volume requirements required at the customer site.

"Offering bond and gilt prices to clients who would not be able to access the market ordinarily is an important development for those clients. Not only are we responding to the demand from smaller ticket players to access the bond markets but we are responding to the increasingly strong desire from investors to diversify their trading strategy across asset classes," said Sean Park, head of Digital Markets at DrKW. "This is testament to the focus of our Digital Markets business to provide customers with unrivalled service levels and access to the financial markets through electronic trading and delivery."

"PCIMs widely use Proquote for market data and trading with our expanding list of execution venues and capabilities. Proquote is leading the field in value and innovation" said Karen Young, Director of Proquote. "Trading and accessing prices for bonds requires significant investment in IT resource and systems through other vendors, but through Proquote, PCIMs will benefit from low cost access to bond prices and trading functionality that requires little or no client infrastructure."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com visit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11550 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11331 views comments | 22 tweets | 27 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9304 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8390 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8345 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job