NEW YORK, April 22 /PRNewswire/ --
- TraderTools enables Zurich-based pure wealth management bank to monitor and execute orders more efficiently with a fully integrated global order management solution
TraderTools LLC (TraderTools), one of the world's leading suppliers of electronic Foreign Exchange (eFX) software solutions, announced today that Bank Julius Baer & Co. Ltd. (Julius Baer), the leading dedicated wealth manager in Switzerland, has licensed TraderTools' straight-through processing platform, STPlatform. Julius Baer intends to take advantage of STPlatform's complete FX liquidity management capabilities, including:
-- Fully integrated global order management system -- Automatic order execution -- Internal order crossing (automated spread capture) -- Flexibility passing the book -- Data mining capabilities
"We were looking for the best liquidity management system for our FX sales and advisory desks and I believe we found it in STPlatform," remarked Gerard Berclaz, COO of the Markets Division of Julius Baer. "But what really sold us on the TraderTools offering, was the fully integrated global order management system. In a trading room, where every millisecond counts, the deployment of a single platform is particularly attractive."
"We are encouraged that Julius Baer has chosen STPlatform as their FX liquidity management solution," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Following on the heels of a similar agreement with TD Securities, we are confident in saying that TraderTools' STPlatform is the only product of its kind in the marketplace."
About Julius Baer
Julius Baer is the leading dedicated wealth manager in Switzerland. The Group, which has roots dating to the nineteenth century, concentrates exclusively on private banking and asset management for private and institutional clients. With some 4,000 employees worldwide, the Group managed assets in excess of CHF 400 billion at the end of 2007. The Julius Baer Group's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich (Head Office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, Moscow, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer, GAM, a leading global active asset manager, and Julius Baer Investment Management, renowned for its international equity strategies, are the key companies of the Group. The shares of Julius Baer Holding Ltd. are listed on the SWX Swiss Exchange and form part of the Swiss Market Index SMI which comprises the 20 largest and most liquid stocks. For more information: www.juliusbaer.com
About TraderTools
TraderTools(TM) LLC (TraderTools) is one of the world's leading suppliers of electronic Foreign Exchange (eFX) software solutions. The Company's STPlatform(TM) streams executable rates from multiple sources, enabling any bank, broker or financial institution to manage liquidity more effectively and efficiently. An open system, it provides Straight-Through Processing (STP) and Application Programming Interfaces (APIs) for rates, orders, deals and more.
STPlatform represents the only complete FX liquidity management solution, including:
-- Total integration of liquidity aggregation and global order management -- Multiple sources consolidated onto a single screen, for best-price and full market depth -- AutoFill(TM), for the automatic filling of orders -- Internal order crossing, for automated spread capture and cost-free executions -- Flexibility passing the book and routing orders from clients in multiple centers -- Data mining capabilities, for analysis of customer/market behavior and trends
For more details please visit www.tradertools.com.
AutoFill, STPlatform, TraderTools and the tagline "The eFXperts" are trademarks of TraderTools LLC.
Web site: http://www.tradertools.com http://www.juliusbaer.com
Sales, Mark Mayerfeld, EVP, International Sales, +1-212-333-3770, ext. 29, mark@tradertools.com; Media, Ian Tick, Director, Marketing, +972-9-740-8880, ian@tradertools.com
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