LONDON, February 23, 2021 / PRNewswire-PRWeb / – Raiffeisen Bank International (RBI), one of the leading banks in Austria and CEE, partnered with AxeTrading, the fixed income trading software company, and Integral, a leading FX technology provider, to provide an innovative trading solution for their bond trading clients, providing real-time pricing flow FX in your bond trading workflow.
The collaboration has enabled RBI to provide faster and better prices for its customers in local currency securities, significantly reducing the RFQ response time and increasing its hit rates. By combining the capabilities of the AxeTrader Execution and Quotation Management System (QEMS) and Integral’s BankFX pricing mechanism, the RBI can significantly reduce your risk as a market maker, automatically covering the currency exposure of the securities trade and reducing costs hedge on the back of high quality FX execution.
AxeTrader QEMS, which offers a single desktop that aggregates markets, data and trading workflows, automatically makes a Request for Stream (RFS) for the Integral BankFX pricing engine, which then provides real-time streaming prices through an API directly to the RBI securities broker RFQ workflow to offer more efficient and transparent pricing. When the securities trading is completed, the corresponding exchange transaction is automatically executed by the RBI exchange trading desk itself.
The seamless integration between fixed income and FX products fits perfectly into the focus of RBI’s activities in Austria and across the EEC, as well as 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 at the same time, capturing the maximum spread with an automated workflow, making trading as profitable as possible and automatically protecting currency risk associated.
Harald Müller, Head of the Capital Markets and Institutional Sales Group at RBI comments: “Our ability to respond quickly to requests from our customers at highly competitive prices is at the heart of RBI’s market creation philosophy. So closing the last gap between fixed income and FX products to provide prices combined with maximum efficiency, has been a priority for us. In addition, the integration already available supports current and future digitization and automation initiatives in the RBI capital market area in addition to improving our current infrastructure, very pleased to contribute to the RBI mission of “transforming continuous innovation into a superior customer experience”.
Harpal Sandhu, Integral’s CEO said: “We are excited to support RBI to offer an innovative trading solution to improve its market-making skills and better serve its customers. Integral is committed to partnering with suppliers who share our openness philosophy. institutional markets by providing 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 delighted to have partnered with an industry leader to solve a business challenge. real life experienced in the markets. “
Ralf Henke, CEO of AxeTrading said: “It has been a pleasure to work alongside Integral, the leader in the foreign exchange market, to fulfill RBI’s ambitious growth plans and better customer service. We are part of a new generation of technology suppliers whose ethos and businesses are built around openness and interoperability. Effective use of APIs and adoption of common standards takes our customers beyond legacy technology providers with their limited ‘walled gardens’. Traders can benefit from their choice of connectivity with the broadest ecosystem of the best trading and data applications to really improve and improve your trades. “
Viali Munteanu, Cognito, +44 7547819438, email@example.com