NEW YORK, September 3 /PRNewswire/ --
- TraderTools enables Germany's leading private bank to aggregate FX liquidity, from pricing through dealing and order management to execution
TraderTools LLC (TraderTools), a provider of business solutions, software and services to financial institutions trading in FX, announced today that BHF-BANK (BHF), one of the largest private banks in Germany, has licensed TraderTools' Liquidity Management Platform (LMP) to facilitate FX trading. Headquartered in Frankfurt, BHF manages large FX trading volumes every day and intends to use TraderTools' LMP as the core front-office system for its Currency Trading Department.
The TraderTools Liquidity Management Platform is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Its unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows and makes pricing and execution decisions in real time. For example, BHF will be able to take advantage of auto-hedging capabilities based on positions.
"With TraderTools' Liquidity Management Platform, not only can we aggregate liquidity and see full market depth on a single screen," explained Joerg Isselmann, Head of the Currency Division of BHF. "We can also manage orders and execute manually or automatically according to pre-defined rules, with the added benefit of full STP. No other solution we have seen in the market can currently provide that kind of functionality."
"We are excited about BHF joining the ranks of leading FX traders seeking our liquidity management solutions," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Following license agreements with Julius Baer and TD Securities, we intend to support our customers fully with quick implementation and expert advice every step of the way."
About BHF-BANK
BHF-BANK is the second-largest family-owned private bank in Germany. Together with its parent company, Sal. Oppenheim, it forms the largest family-owned private banking group in Europe. As an integrated asset management and investment bank, BHF-BANK has a wealth of expertise in catering for high net worth individuals as well as entrepreneurs and their families. The bank's activities are grouped within the divisions Asset Management, Financial Markets & Corporates and Private Banking. BHF-BANK has a leading position among German private banks and is one of the best portfolio managers in the German-speaking countries. It has approx. EUR 40 billion in assets under management. BHF-BANK also has outstanding expertise in asset management and services for institutional clients. It is one of the leading providers of structured trade and commodity finance and highly experienced in German capital market business. Furthermore, the bank is a top forex trader, a major issuer of structured products and an important money market player and expert for the German equities market. BHF-BANK has around 2,000 employees. The bank is firmly anchored in its German domestic market and pursues a strong international approach. It is represented in all the economic centres in Germany and at global offshore locations. BHF-BANK's head office is located in Frankfurt am Main. Additional information is available at www.bhf-bank.com.
About TraderTools
TraderTools(TM) LLC 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 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 LLC.
Web site: http://www.tradertools.com http://www.bhf-bank.com
BHF-BANK, Juergen Heine, +49-69-718-2419, juergen.heine@bhf-bank.com, or Dr. Werner Bendix, +49-69-718-3583, werner.bendix@bhf-bank.com; or Sales, Mark Mayerfeld, EVP, International Sales, +1-212-333-3770, ext. 229, or mark@tradertools.com, or Media, Ian Tick, Director, Marketing, +972-9-740-8880, or ian@tradertools.com, both of TraderTools
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