NEW YORK, March 8, 2011 /PRNewswire/ -- TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced today that DZ PRIVATBANK S.A., one of the largest German banks in Luxembourg, has selected TraderTools' Liquidity Management Platform™ to serve as the basis for its FX trading department.
"To service our expanding customer base in the highly-competitive FX market, we were looking for a software solution that would allow us to enhance our customer service, sharpen our competitive edge, reduce risk and improve automation," said Uli Loersch, Senior FX Manager at DZ PRIVATBANK. "Liquidity Management Platform combines liquidity and order management, aggregation and pricing in one solution, making TraderTools the ideal partner for meeting our FX challenges electronically."
"We are pleased to working in Luxembourg, an international financial center," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "DZ PRIVATBANK will now be able to benefit from optimized FX position management, including algorithmic trading and auto-hedging."
About DZ PRIVATBANK S.A.
Founded in 1977, DZ PRIVATBANK is one of the largest German banks in Luxemburg and the leading foreign subsidiary of the German cooperative banking sector. More than 750 international employees offer a wide range of services and products for private and institutional customers. DZ PRIVATBANK specialises in four business segments: Private Banking, Loans, Investment Fund Services and Treasury. Mutual Fund companies utilising DZ PRIVATBANK as their custodian bank highly appreciate the minimisation of their transaction cost and the considerable simplification of their business processes. More than 60 000 clients are using the services and products of DZ PRIVATBANK, also with her fully-owned subsidiaries in Singapore and IPConcept Fund Management, the market leader in German speaking countries of private label fund services, situated in Luxemburg. The bank offers a wide range of investment opportunities, i.e. multi-currency investments, international equities and bonds, structured investments with partial or full capital guarantee on various types of underlying, investment funds from the most renowned and talented fund managers, alternative investments, precious metals and security financing. Sales and purchases can be traded in all the main stock exchanges globally.
TraderTools Inc. delivers the only complete, integrated, FX trading platform available on the market. Banks and brokerages use the TraderTools platform to increase FX revenues, reduce FX costs, improve FX spreads and access vital information to help run their FX businesses more efficiently and effectively.
FX desks traditionally deploy an assortment of vertical tools, developed internally or externally by different vendors. TraderTools replaces these disparate products with a single innovative platform that addresses the 4 most pressing FX challenges: an FX pricing engine, FX liquidity aggregation, global FX order management and FX white-labelling. It is an end-to-end solution designed to work seamlessly across all components and provide unparalleled visibility into the entire FX workflow. The result is an optimized FX Liquidity Management Platform™ – with advanced capabilities, like algorithmic FX trading and FX auto-hedging – designed to generate profits.
The TraderTools FX trading platform is the product of more than a decade's worth of experience with some of the world's largest financial institutions.
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and the tagline "The eFXperts" are trademarks of TraderTools Inc.
SOURCE TraderTools Inc.