icubic AG from Magdeburg presents itself at the International Financial Markets Congress with its newest software technology

24 April 2012

The IT service provider for the global financial sector will present its newest product version for repo trading as of 27 April 2012 at the ACI Congress in Munich. The company intends to solidify its competitive position through the introduction of innovative programme functions.

Important industry meeting at the end of April in Munich. icubic AG will present its new software generation for electronic trading of repurchase agreements at the traditional ACI Congress. The focus is on the release of “iQrepos 1.9”. “With this evolution, we are setting new standards in repo trading and increasing the productivity of our clients many times over” said Dietmar Jakal, icubic board member. All market-relevant data flows together in real-time over the application enabling traders to work quickly and comfortably, it was also explained. The product is connected to all important information providers such as Bloomberg, Eurex, MTS and tpREPO.

iQrepos is the result of an intensive development partnership with BayernLB. “Through the close cooperation with icubic, we were able to combine our experience and create a product that more than exceeds the current and future requirements of electronic repo trading”, said Thomas Bachmeier, Head of STIR Products at BayernLB. The bank, like the Landesbank Baden-Württemberg, is not only a long-standing customer of icubic, but also co-organiser of the ACI Congress in Munich.

ACI (“Association Cambiste Internationale”) is a globally organised association of financial market traders. The German ACI association alone has 1,500 members and arranges the congress at regular intervals. This serves as an open exchange platform for numerous specialists from the banking and IT world. icubic is participating as a sponsor of and exhibitor in the event that combines workshops, presentations and a trade fair in one.

icubic AG was founded in Magdeburg in 1999, employs more than 100 people and achieved record revenues once again in the last fiscal year. The company develops programmes for electronic securities trading and offers product support services, such as installation and maintenance. In the meantime, eight of the top twenty German financial houses rely upon the know-how of icubic.

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