LONDON and FRANKFURT, Germany, July 14, 2015 /PRNewswire/ --
Quod Financial, a leading provider of adaptive trading technology, announced today that Metzler Bank, one of the leading family-owned banks in Germany, went live with its Adaptive Execution Platform (AEP). AEP provides Metzler with a comprehensive trading and execution solution covering pre-trade risk management, algorithmic trading and smart order routing capabilities for equities as well as complete European market connectivity (including BATS / Chi-X, Turquoise). In the 2nd half of 2015 Metzler will continue with the implementation of order management and client connectivity.
At this stage, Metzler will be using a hybrid solution whereby connectivity to the market is provided via QuodNet, Quod Financial's Software as a Service (SaaS) environment, and the rest will be covered through the Enterprise delivery mode.
Sven Knauer, Head of Equity Trading in Metzler Bank, said, "Metzler is focused on providing sophisticated solutions tailored to meet our clients' needs and with Quod Financial's technology we believe this mission can be achieved. International expertise of Quod together with Metzler's strong experience on German market will allow our clients to receive the best possible services."
Ali Pichvai, CEO of Quod Financial, commented, "We are pleased to have Metzler Bank, the oldest private bank in Germany with an unbroken tradition of family ownership, as a client. Being an independent privately owned company, Quod Financial shares values which Metzler holds and puts clients' interests on the first place. We hope to provide both bank and its customers with an excellent technology to support their continuous growth."
About Metzler Bank
The heart of the Metzler Group is the Frankfurt-based bank B. Metzler seel. Sohn & Co. KGaA. Founded more than 340 years ago, it is the oldest private bank in Germany with an unbroken tradition of family ownership. Metzler specifically focuses on providing individual capital market services for institutional clients and discerning private individuals in its core areas of business: Asset Management, Capital Markets, Corporate Finance and Private Banking. Metzler's professional advice in all core areas of business is based on a combination of specialist knowledge and independence. Its business structure is carefully aligned to ensure that no other business interests conflict with clients' interests. To avoid such conflicts of interest, it is company policy to refrain from participating in issuing syndicates and own-account trading in shares. Metzler has around 750 employees at its head office in Frankfurt/Main and its branch offices in Munich, Stuttgart, Cologne/Düsseldorf, Hamburg, Atlanta, Los Angeles, Seattle, Tokyo, Beijing and Dublin. For more information please visit http://www.metzler.com or contact SKnauer@metzler.com
About Quod Financial
Quod Financial delivers adaptive trading technologies into the financial community. Its multi-asset adaptive technologies enable financial institutions to dynamically seek liquidity across transparent and non-transparent venues, reduce market impact and build complex execution and trading strategies. Quod Financial services all segments of capital markets with distinct solutions for liquidity venues, exchanges, retail brokers, buy- and sell-side institutions. Its real-time execution decision-making capabilities enhance both control and transparency of the execution process. This results in increased trading performance and execution quality.
Quod Financial's Adaptive Execution Platform (AEP) and its application modules are non-disruptive, scalable and highly resilient trading solutions, delivered as either implemented software or as a service. AEP functionalities include pre-trade risk management; order management and routing; direct market access; connectivity; post-trade analytics and reporting. AEP powers four application modules. These include Adaptive Smart Order Router (ASOR), Adaptive Algos, Adaptive Cross (ACross) and Adaptive Market Making. Quod Financial is headquartered in London with offices in Paris, New York and Hong Kong. For more information, please visit http://www.quodfinancial.com , or contact firstname.lastname@example.org .
SOURCE Quod Financial