icubic AG from Magdeburg strengthens its position on the international marketplace

Magdeburg, Germany - 14 November 2011

The software innovator for electronic exchange trading is now serving Erste Group AG, which is based in Vienna. The banking group, which has an estimated 17 million clients worldwide, has opted to utilise the success package, iQbonds in the future.

After a comparative selection process involving multiple products currently in the market, the Austrian holding company chose iQbonds – an innovative, high-performance software solution for fixed income bond transactions. “In comparison with the competing products, the new platform enables us to work more flexibly allowing us to respond even better to client requirements”, stated Harald Müller, Head of Credit Markets & Alternative Investments at Erste Group Bank AG. The new software solution is also designed to be compatible with future requirements and provides several useful functions for E-trading.

iQbonds is the driving force in the product portfolio of icubic AG. It offers traders quick access to a multitude of markets, exchanges and information platforms such as Reuters, Bloomberg, MarketAxess or MTS. In addition to this, iQbonds provides an intelligent complete solution for the pricing, quoting and trading of securities. “The closing of this deal with Erste Group Bank AG once again proves the importance of developing intelligent software products which deliver everything from one source”, explained Dietmar Jakal, icubic Board Member. He is proud of the new partnership and is looking forward to the cooperation.

According to their information and based on the amount of clients and total assets, Erste Group is one of the largest financial service providers in Central and Eastern Europe. It comprises a total of approximately 3,200 subsidiaries in countries such as Croatia, Austria, Serbia, Romania, Slovakia, the Czech Republic, the Ukraine and Hungary. As per 30 June 2011, the total assets of Erste Group amounted to EUR 214.2 billion.

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