icubic conquers the North

HSH Nordbank opts for iQbonds

icubic today announced that is has won HSH Nordbank as a new customer. The strong regional bank for Northern Europe will be using icubic's iQbonds for the electronic trading of financial instruments. iQbonds is an intelligent solution for market-making and trading fixed-income securities. Frank Berger, the trader who is responsible for the project at HSH Nordbank AG, believes that icubic's solution is a compelling proposition: "We have selected iQbonds because we intend to significantly expand our position on electronic markets for fixed- income securities. The integration of pricing, quoting and trading functionalities offered by iQbonds is an ideal base on which to pursue this strategy. We are currently still in the implementation phase and are very pleased with the project's progress and with the support provided by icubic."
Using iQbonds, customers can price, quote and trade bonds on different electronic markets with just one software application. iQbonds is a high-performance solution which enables purchases and sales to be processed in milliseconds. Features such as automatic responses to trades, e.g. auto-hedging, and automatic trade booking in the back office system (Straight-Through Processing) make the trader’s job significantly easier. iConnect from icubic provides iQbonds with a connection to all relevant electronic markets.
Ralf Henke, CEO, icubic, says, "We are very pleased with HSH Nordbank's decision to select icubic. It shows that our approach is successful. We consider ourselves a strategic partner to our customers who develops customised solutions for electronic trading in close collaboration with them. This has proven to be a convincing strategy, which is evidenced by our steadily growing customer base." iQbonds has been used by leading financial institutions for five years including BayernLB, DZ BANK, the German Finance Agency and a tier-1 bank in London.

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