NEW YORK, December 8 /PRNewswire/ -- 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.
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.
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 email@example.com.
TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and the tagline The eFXperts are trademarks of TraderTools Inc.
SOURCE: TraderTools Inc.
CONTACT: BayernLB, firstname.lastname@example.org; or TraderTools Sales, MarkMayerfeld, EVP, International Sales, +1-212-782-3550, email@example.com,or Media: Ian Tick, Director, Marketing, +972-9-740-8880,firstname.lastname@example.org