The new platform will provide Metzler Bank, which ranks as one of the leading family-owned banks in Germany, with a comprehensive trading and execution solution covering pre-trade risk management, algorithmic trading and smart order routing capabilities for equities, as well as complete European market connectivity (including BATS / Chi-X, Turquoise).
The bank’s announcement also stated that later this year Metzler will continue with the implementation of its order management and client connectivity improvement program.
The technology provided for the bank by Quod Financial, an adaptive trading technologies firms specialising in the financial community, will be a hybrid solution whereby connectivity to the market will be provided via a combination of QuodNet, Quod Financial’s Software as a Service environment and the Enterprise delivery mode.
Meltzer bank’s Head of Equity Trading, Sven Knauer, emphasised that the partnership between the two firms was going to enable the technology to benefit their customers.
‘Metzler is focused on providing sophisticated solutions tailored to meet our clients’ needs and with Quod Financial’s
technology we believe this mission can be achieved. International expertise of Quod together with Metzler’s strong experience on German market will allow our clients to receive the best possible services.’
Ali Pichvai, CEO of Quod Financial, echoed these sentiments in his comments. ‘We are pleased to have Metzler Bank, the oldest private bank in Germany with an unbroken tradition of family ownership, as a client. Being an independent privately owned company, Quod Financial shares values which Metzler holds and puts clients’ interests on the first place. We hope to provide both bank and its customers with an excellent technology to support their continuous growth.’