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Quod Financial Embeds TIBCO Rendezvous for its Multi-asset Trading Solution
Hails high performance and low latency for future of trading
LONDON, UK, October 29, 2007 - Quod Financial, the leading multi-asset trading and OMS provider, has today announced that it has embedded TIBCO® Rendezvous® in its core product's trading solution. TIBCO Software Inc., a leading enabler of real–time business and the world's largest independent business integration software company, has supplied Rendezvous to drive Quod Financial's trading and market data service.
Quod Financial is designed to respond to important shifts in the capital market, namely, the globalization of the capital market and its players, the fragmentation of liquidity, and the demand for ever more value-added cross-asset and liquid investment products. Quod Financial provides a powerful, flexible and client-centric solution efficiently addressing complex multi-listed cross-asset execution and routing, order management, algorithmic trading, pre-trade risk management, reporting and compliance services.
By embedding TIBCO Rendezvous for the trading and market data service-driven architecture, Quod Financial achieved their objectives of high performance, and lowest latency whilst responding to complex trading requirements. In addition, Quod Financial extensively utilized the industrial-class technical services within the TIBCO world, such as resilience, application load-balancing, and global message routing. Finally, Quod Financial leverages the wealth of TIBCO technology, in terms of EAI (Enterprise Application Integration) to connect to other systems entering into the trading chain, from middle to back office and CRM.
Ali Pichvai, Managing Director of Quod Financial said, "With the current seismic changes, electronic trading is entering a new age. Where trading intelligence used to be outsourced to a centralized liquidity pool, there is dire necessity to bring it back to the trading system. In order to achieve the best investment and execution strategies, the new services and systems need to be liquidity-seeking and adaptive to the dynamic trading conditions, while offering high performance pre-trade risk, cross-asset execution and analytics. Our philosophy is to use the best of breed technology."
"Financial services companies demand an infrastructure that can proactively respond to rapidly changing business needs and compliance requirements," said Murat Sonmez, executive vice president, Global Field Operations. "Together with TIBCO, Quod Financial is creating a truly powerful solution able to respond to changes in the capital markets with greater agility and speed."
About Quod Financial
Quod Financial is the 3rd generation multi-asset trading and order management system for sell-side and buy-side financial institutions. The Quod Financial system enables users to trade listed and structured instrument types across all asset classes – from cash equities, and futures & options to fixed income – on the same platform. Designed to help market participants respond to today's capital markets challenges of higher volumes and erosion of trading margins, Quod Financial enables financial institutions to increase revenue by providing an efficient trading platform for new products, whilst reducing transaction cost.
Quod Financial's innovative approach provides customers with a client-centric, flexible and powerful solution, efficiently addressing complex multi-listed cross asset execution and routing, order management, algorithmic trading, pre-trade risk management, reporting and compliance services. Quod Financial is a proven solution, leveraging its global client base and a team, with a collected 60 years' market experience in leading European and US trading houses.
Quod Financial has offices in London, Paris, and New York.
For more information, please visit www.quodfinancial.com.
About TIBCO
TIBCO Software Inc. (NASDAQ:TIBX) provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility—what TIBCO calls The Power of Now®. To learn more, contact TIBCO at +1 650-846-1000 or on the Web at www.tibco.com.
