LONDON, February 23, 2021 / PRNewswire-PRWeb / – Raiffeisen Bank International (RBI), a leading bank Austria and CEE, has partnered with AxeTrading, the fixed income trading software company, and Integral, a leading provider of foreign exchange technology, to provide an innovative trading solution to their trading clients. ‘bonds by providing real-time streaming of foreign exchange prices into their bond trading workflow.
The collaboration has enabled RBI to provide its customers with faster and cheaper local currency bond prices while dramatically reducing RFQ response time and increasing their success rates. By combining the capabilities of Integral’s AxTrader Quoting and Execution Management System (QEMS) and BankFX pricing engine, RBI can significantly reduce its risk as a market maker by automatically hedging currency exposure from bond trading and reducing hedging costs through high quality FX execution.
AxeTrader QEMS, which offers a single desktop that aggregates markets, data, and trading workflows, automatically sends a Feed Request (RFS) to the Integral BankFX pricing engine, which then delivers the prices in real-time streaming via an API directly in the RBI bond trader. RFQ workflow for more efficient and transparent pricing. When the bond trade is completed, the corresponding FX trade is automatically executed by RBI’s own FX trading desk.
The seamless integration between fixed income and foreign exchange products fits perfectly with the focus of RBI’s business in Austria and across Central and Eastern Europe as well as in RBI’s mission to transform continuous innovation into a superior customer experience.
This solution is applicable to all local currency bond traders who need certainty, clarity and efficiency while capturing as much spread with an automated workflow, making trading as profitable as possible and automatically hedging the risk of associated change.
Harald Müller, Head of Group Capital Markets Trading & Institutional Sales at RBI, says: “Our ability to respond quickly to our clients’ demands with very competitive prices is at the heart of RBI’s market making philosophy. latest technical gap between Fixed Income and FX products to deliver combined pricing with maximum efficiency, has been a top priority for us.In addition, the integration already available supports current digitization and automation initiatives and futures in RBI’s Capital Markets area, in addition to enhancing our current infrastructure, I am delighted to contribute to RBI’s mission to “transform continuous innovation into a superior customer experience.”
Harpal sandhu, CEO of Integral said, “We are delighted to help RBI deliver an innovative trading solution to enhance its market making capabilities and better serve its clients. Integral is committed to partnering with vendors who share our philosophy of opening up institutional markets through the provision of sophisticated and highly configurable trading technology and workflow. Working with AxeTrading on this solution puts this principle into practice in an extremely valuable way and we are happy to have partnered with an industry leader to solve a real challenge experienced in the markets. “
Ralf henke, Said the CEO of AxTrading, “It has been a pleasure to work alongside Integral, the leader in the forex market, to realize RBI’s ambitious plans for growth and improvement in customer service. a new generation of technology providers whose ethics and operations are built around openness and interoperability Effective use of APIs and adoption of common standards push our customers beyond providers of legacy technology with their limited “walled gardens.” Traders can benefit from their choice of connectivity with the broadest ecosystem of industry-leading trading and data applications to truly improve and enhance their trading. “
Viali Munteanu, Cognito, +44 7547819438, [email protected]