BOND ETRADING SOLUTIONS PROVIDER ICUBIC AG APPOINTS LES GOSLING AS UK MANAGING DIRECTOR AND HEAD OF INTERNATIONAL SALES. icubic to enable global financial institutions to price, trade and quote on multiple electronic bond markets from a single screen

London, 20 May 2004 - icubic AG, leading provider of bond and fixed income e-trading solutions, today announced the appointment of Les Gosling to head up its international operations. The move follows the company’s considerable success in the German financial services market and increasing global interest for icubic’s bond and fixed income e-trading solutions.

Gosling brings to icubic over 25 years’ banking solutions expertise in the global financial markets. He has held senior sales and sales management positions for a number of well-known global solutions providers, including BIS Banking Systems (now part of Misys), Braid Systems and Wall Street Systems. During his career, Gosling has been responsible for developing and increasing software sales and sales support in Europe, Asia and the US, with annual revenue budgets of up to $20M.

Gosling’s appointment marks icubic’s expansion in size, structure and geographical reach. Gosling will be responsible for introducing iQbonds, icubic’s flagship product to the company’s growing list of international prospects. iQbonds provides sell-side financial institutions with an end-to-end solution for market making and trading fixed income securities within multiple markets, from a single screen.

Ralf Henke, CEO, icubic AG, says: "Fixed income and bond trading is growing in complexity, with the use of multiple markets and the need to hedge trades against futures or other financial instruments. Thanks to icubic’s dedication to information, innovation and integration, we have seen a growing demand for our leading edge solutions that enable financial institutions to deal with this complexity through the ability to price, quote and trade, quickly and easily, from a single screen."

Henke adds: "Les’s appointment is crucial to the continued success of icubic outside of our domestic market. It will enable us to deliver high quality, local customer care and support to our global customers."

Speaking about his new role, Les Gosling, managing director and head of international sales, icubic AG, says: "The fixed income markets are moving rapidly towards e-trading. However, many traders are still operating in a less automated environment, comparing like-products over disparate markets, using multiple screens and numerous pricing, quoting and trading systems. icubic has ability and maturity beyond its five years in business. iQbonds provides a cost-effective, integrated solution to enable financial institutions to gain a competitive edge in an increasingly high-speed, performance-driven market. We are already experiencing a substantial level of interest in icubic’s offerings. Now, with an international presence, we look forward to continued success."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development