NEW YORK, April 6, 2011 /PRNewswire/ -- TraderTools Inc. (TraderTools), which provides the only complete, integrated FX trading platform available on the market, announced today that LBBW, one of the largest banks in Germany, has selected TraderTools' Liquidity Management Platform™ as the foundation for its FX trading desk.
"We pride ourselves as being a global bank, but with a regional focus," said Ralf Elmer, Head of FX Spot at LBBW. "That's a commitment to offering the latest banking services in the most personalized way. Thanks to TraderTools' FX trading platform, we now compete with our major competitors in terms of superior, customized FX pricing and automation, including algorithmic trading and hedging."
"We are excited about working with LBBW," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "It joins other leading banks in Germany, such as BayernLB, BHF and Commerzbank, that are using our platform to optimize their FX operations."
Established through the merger of three banks in January 1999, today Landesbank Baden-Wurttemberg (LBBW) is a global bank with a strong regional focus. With total assets of approximately EUR 417 billion (as of 30 June 2010) and 13,000 employees, it is one of Germany's largest banks, with main offices in Stuttgart, Karlsruhe, Mannheim and Mainz. Together with the regional retail banks BW Bank, Rheinland-Pfalz Bank and Sachsen Bank, it serves customers at more than 200 branches and offices throughout Germany and in important financial centers around the world.
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.