LBBW Selects TraderTools' FX Trading PlatformBy Tradertools Inc., PRNE
Tuesday, April 5, 2011
German giant to benefit from integrated solutions for FX liquidity aggregation, an FX pricing engine, FX white-labelling and global FX order management
NEW YORK, April 6, 2011 - 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(TM) 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
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(TM) - with advanced capabilities,
like algorithmic FX trading and FX auto-hedging - designed to generate
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
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and
the tagline "The eFXperts" are trademarks of TraderTools Inc.
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: April 6, Germany, New York, TraderTools Inc.