DZ Privatbank S.A., one of the largest German banks in Luxembourg, has selected TraderTools’ Liquidity Management Platform to serve as the basis for its FX trading department, the company reported today.
“To service our expanding customer base in the highly-competitive FX market, we were looking for a software solution that would allow us to enhance our customer service, sharpen our competitive edge, reduce risk and improve automation,” commented Uli Loersch, senior FX manager at DZ Privatbank, in the release. “Liquidity Management Platform combines liquidity and order management, aggregation and pricing in one solution, making TraderTools the ideal partner for meeting our FX challenges electronically,” he further stated.
“We are pleased to working in Luxembourg, an international financial center,” noted Mark Mayerfeld, EVP, international sales at TraderTools, in the release. “DZ Privatbank will now be able to benefit from optimized FX position management, including algorithmic trading and auto-hedging.”
TraderTools delivers a complete, integrated, FX trading platform used by banks and brokerages to increase FX revenues, reduce FX costs, improve FX spreads and access vital information to help run their FX businesses more efficiently, according to the company.