Raiffeisen Bank Companions with AxeTrading and Integral to Increase Bond Buying and selling

Raiffeisen Bank International partners with AxeTrading and Integral to enhance bond investing

LONDON (23 February 2021) – Raiffeisen Lender International (RBI), one particular of the foremost banks in Austria and CEE, has partnered with AxeTrading, the mounted cash flow trading software program company, and Integral, a top Fx technologies company, to provide an progressive investing option for their bond buying and selling consumers by furnishing true-time streaming of Fx rates into their bond buying and selling workflow.

The collaboration has enabled RBI to give faster and better pricing for their clients in regional currency bonds even though noticeably lessening their request for estimate (RFQ) response time and increasing their strike ratios. By combining the abilities of the AxeTrader Quoting and Execution Management Method (QEMS) and Integral’s BankFX pricing motor, RBI can noticeably decrease their risk as a market place-maker by automatically hedging the forex publicity of the bond trade and reduce hedging expenditures on the back again of large-good quality Forex execution.

The AxeTrader QEMS, which presents a solitary desktop that aggregates marketplaces, info and buying and selling workflows, immediately will make a Request for Stream (RFS) to the Integral BankFX pricing motor, which then provides true time streaming selling prices by means of an API specifically into the RBI bond trader’s RFQ workflow to supply additional efficient and transparent pricing. When the bond trade is completed the corresponding Fx transaction is instantly executed by RBI’s personal Fx buying and selling desk.

The seamless integration in between Fixed Income and Fx items matches flawlessly into RBI’s concentrate of activities in Austria and across CEE as very well as into RBI’s mission to remodel ongoing innovation into remarkable client working experience.

This remedy is relevant to all traders in local forex bonds who have to have certainty, clarity and performance at the very same time capturing as a great deal of the spread with an automatic workflow, producing investing as lucrative as doable and immediately hedging the connected Forex possibility.

Harald Müller, Head of Group Cash Marketplaces Buying and selling & Institutional Sales at RBI remarks: “Our capability to reply rapid to our clients’ requests with very aggressive pricing lies at the core of RBI’s industry generating philosophy. Thus, closing the last technological hole among Mounted Earnings and Fx items to present merged pricing with utmost performance, has been a prime priority for us. Moreover, the by now offered integration supports latest and upcoming digitization and automation initiatives in RBI’s Money Marketplaces space, on top rated of enhancing our current infrastructure. I am delighted to contribute to RBI’s mission of “transforming continual innovation into top-quality purchaser experience”.

Harpal Sandhu, CEO of Integral said, “We are thrilled to help RBI produce an ground breaking trading remedy to make improvements to their market place producing skills and much better provide their purchasers. Integral is committed to partnering with companies that share our philosophy of opening-up the institutional markets through the provision of complex and highly configurable investing technologies and workflow. Doing the job with AxeTrading on this remedy places this principle into practise in an exceptionally useful way and we are delighted to have partnered with an business chief to address a authentic-lifetime challenge seasoned in the markets”.

Ralf Henke, CEO of AxeTrading said “It has been a satisfaction working along with Integral, the Fx market place leader, to supply on RBI’s bold options for growth and improved client assistance. We are element of a new generation of know-how companies whose ethos and business enterprise are constructed around openness and interoperability. The effective use of APIs and adoption of popular criteria drive our customers further than the legacy technologies vendors with their minimal ‘walled gardens’. Traders are in a position to reward from their option of connectivity to the broadest ecosystem of best-in-class investing and knowledge programs to truly greatly enhance and improve their trading”.

Ends

NOTES TO EDITORS

AxeTrading is the award winning global preset income trading software package enterprise that enables exceptional industry creating, quoting, bond pricing and order execution with AxeTrader. This presents traders access to optimised, personalised and intuitive workflows sent by very versatile, agile and efficient technological innovation. AxeTrading was established in 2009 and is head quartered in London with a technological innovation innovation centre in Germany and gross sales offices in Sydney and Singapore.

Integral is a money engineering corporation that allows its shoppers — financial institutions, brokers, and asset professionals — outperform their level of competition in the overseas trade current market via progressive answers for workflow administration and highly developed execution. This highly effective cloud-centered system is the industry’s only remedy for Forex institutions that want to structure and deliver total solutions personalized to their firms. Integral’s present day solution of addressing the overall Fx lifecycle with an clever system permits its buyers to realize the cheapest transaction prices, best operational effectiveness, and maximum yield. 

Started in 1993, Integral maintains enhancement, aid, and sales workplaces in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. ©2021 Integral Development Corp. All legal rights reserved. Integral know-how is protected underneath U.S. Patent Nos. 6,347,307 7,882,011 8,417,622 8,862,507, 9,412,134 9,836,789 10,387,952 and patent pending purposes and relevant intellectual residence. Additional information is obtainable at https://www.integral.com

RBI regards Austria, exactly where it is a leading company and investment decision bank, as perfectly as CEE as its household marketplace. 13 markets of the area are protected by subsidiary banking companies. Additionally, the RBI Group includes quite a few other economic company providers, for occasion in leasing, asset administration or M&A. 

Close to 46,000 workforce provider 16.8 million clients by approx. 2,000 company retailers, the by much most significant portion thereof in CEE. RBI’s shares are shown on the Vienna Inventory Exchange. The Austrian regional Raiffeisen banking companies have all-around 58.8 for each cent of the shares, the remainder is in free float.