BayernLB Chooses TraderTools' Liquidity Management Platform(TM)
By Tradertools Inc., PRNEMonday, December 7, 2009
Munich-based regional bank to aggregate and manage FX liquidity dynamically
NEW YORK, December 8 - TraderTools Inc. (TraderTools), a provider of business solutions,
software and services to financial institutions trading FX, announced today
that BayernLB, one of the largest banks in Germany, licensed TraderTools'
Liquidity Management Platform (LMP) as the foundation for its FX trading
operations. The TraderTools platform will deliver full FX liquidity
management services, including pricing and liquidity aggregation, dealing,
order management, execution and algorithmic trading.
"Throughout our 125-year history, a key objective has always been to
answer our customers' demands with the most appropriate products and services
available," stated Marc Burgheim, Head of FX Trading at BayernLB. "Today's
customers want quick and streamlined FX trading services. With TraderTools'
Liquidity Management Platform, we can deliver just that — liquidity
aggregation, comprehensive order management and manual or automatic
executions using algorithmic trading — with full STP."
"We are looking forward to working with BayernLB to help manage their FX
liquidity more efficiently," added Mark Mayerfeld, Executive VP,
International Sales at TraderTools. "The state-owned BayernLB joins other
leading banks in Germany, such as BHF and Dresdner that are using our LMP for
global FX."
About BayernLB
BayernLB was formed in 1972 from the merger between
Landesbodenkreditanstalt and Bayerische Gemeindebank. Under its revised
strategy, it will concentrate on the Mittelstand, large corporates,
commercial real estate and retail banking segments from now on. BayernLB has
strong relationships with German and international customers and is
excellently positioned in export and project financing, particularly in the
growing renewable energy market. BayernLB is headquartered in Munich, with
Germany and selected European countries forming the regional focus of its
business. It also has a presence in major financial centres around the world.
About TraderTools
TraderTools(TM) Inc. is a provider of business solutions, software and
services to financial institutions trading FX. TraderTools' Liquidity
Management Platform(TM) is the only system to integrate the four disciplines
of electronic FX trading: pricing, dealing, order management and execution.
Our unique Dynamic Liquidity Manager(TM) monitors and controls inward and
outward liquidity flows, making pricing and execution decisions in real time.
We empower banks to maintain their leadership positions in FX with a single
deployment and a single point of contact. And we work together with them to
activate functionality according to their business strategy and timetable.
Learn why the world's financial services giants are using TraderTools,
powered by Smart Trade, to better manage their liquidity and optimize their
FX trading operations, by visiting www.tradertools.com or emailing us at
sales@tradertools.com.
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and
the tagline "The eFXperts" are trademarks of TraderTools Inc.
BayernLB, presse at bayernlb.de; or TraderTools Sales, Mark Mayerfeld, EVP, International Sales, +1-212-782-3550, mark at tradertools.com, or Media: Ian Tick, Director, Marketing, +972-9-740-8880, ian at tradertools.com
Tags: New York, TraderTools Inc., United Kingdom