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 http://www.Postbank.de
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 http://www.tibco.com.
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.