London. icubic today announced that is has won Landesbank Baden-WÃ¼rttemberg (LBBW) as a new customer. LBBW will be using an overall electronic trading solution from icubic. The bank belongs to Germanyâs five largest credit institutions and is striving for improving its position in the electronic trading field. Therefore, the bank will employ iQbonds, iMarket and iQrepos. The icubic system will be implemented in three phases. The first step will be taken until the end of this year with the implementation of iQbonds, to electronically price, quote and trade bonds within multiple markets, such as MTS, from a single screen. In the second phase the bank will employ iMarket to connect the traders and sales seamlessly with the bankâs customers. That enables them to reply to customer requests, from markets such as Bloomberg, automatically and individually. The final step will be the implementation of iQrepos, icubicâs solution to electronically price, quote and trade repos.
JÃ¼rgen Motzer, Head of Fixed Income Trading, LBBW, comments on the decision for icubic: "We intend to significantly expand our position on the electronic markets. Therefore we need a multifunctional and high performance trading solution. icubic with their integrative solution is the ideal partner to fulfil these demands. icubic will help us to improve our trading in the bond, Business-to-Customer, and repo markets. We are looking forward to working with icubic."