Postbank AG Speeds MiFID Compliance With TIBCO SOA

Apr 08, 2008, 01:00 ET from TIBCO Software Inc.

    MUNICH, Germany, April 8, 2008 /PRNewswire-FirstCall/ -- TIBCO Software
 Inc. (Nasdaq:   TIBX) today announced that by adopting its integration and
 messaging solutions, Postbank AG has implemented EU guidelines set by MiFID
 (Markets in Financial Instruments Directive), in just six weeks.
     "Thanks to TIBCO Software's pre-defined tools, we are able to map
 trading processes much quicker than would be possible with traditional
 methods such as SQL. This enabled us to implement MiFID requirements in the
 record time of just six weeks, giving us a competitive head start," said
 Dr. Michael Schlosser, Head of Group Client Execution at Postbank AG.
     After an extensive evaluation process, Postbank Systems selected TIBCO
 ActiveMatrix BusinessWorks(TM) and TIBCO Rendezvous(R). TIBCO's SOA and
 messaging software now form the core of the fully-integrated, fast,
 reliable and high-performance proprietary trading platform. Postbank has
 now linked fifteen different solutions including risk management, propriety
 trading and pricing, both with each other and with worldwide trading
 systems via the TIBCO infrastructure. Media disruptions between the systems
 are a thing of the past, and through these optimised trading processes and
 the automation of manual tasks, Postbank is enjoying increased efficiency
 and a reduced risk of error.
     "Postbank's MiFID project is an excellent example of the added value
 that our standards-based infrastructure for integration, SOA and messaging
 can offer financial service providers. This infrastructure not only fulfils
 company requirements in relation to increased process efficiency,
 transparency and flexibility, but it also meets compliance regulations,"
 said Murat Sonmez, executive vice president of Global Field Operations at
 TIBCO. "The IT landscape for securities trading at Postbank achieves such
 high levels of quality, performance and profitability that the company is
 able to work towards the real-time business model and is obtaining a
 competitive advantage as a result."
     Notes to Editors
     The Postbank Group has 14.5 million customers, approximately 22,000
 employees and total assets worth EUR 194 billion, making it one of the
 largest financial service providers in Germany. Its main focus is retail
 business with private customers. Alongside this, Postbank also actively
 deals with corporate clients. In its "Transaction Banking division," the
 company manages back-office services for other financial providers. In June
 2004, Deutsche Postbank AG was floated on the stock exchange and has been
 listed on the DAX since September 2006. The majority shareholder is
 Deutsche Post AG. The growth of the Postbank Group has continued unabated
 for years. Its earnings before tax rose continuously to EUR 941 million in
 2006 (2005: 719 million, without BHW [German building society] and
 branches). For further information, please visit
     About TIBCO
     TIBCO Software Inc. (Nasdaq:   TIBX) provides enterprise software that
 helps companies achieve service-oriented architecture (SOA) and business
 process management (BPM) success. With over 3,000 customers, TIBCO has
 given leading organisations around the world better awareness and agility
 -- what TIBCO calls The Power of Now(R). To learn more, contact TIBCO at +1
 650-846-1000 or on the Web at
     TIBCO, the TIBCO logo, The Power of Now, TIBCO ActiveMatrix
 BusinessWorks, Rendezvous, and TIBCO Software are trademarks or registered
 trademarks of TIBCO Software Inc. in the United States and/or other
 countries. All other product and company names and marks mentioned in this
 document are the property of their respective owners and are mentioned for
 identification purposes only.

SOURCE TIBCO Software Inc.