Front office solutions provider TradAir has announced that Raiffeisen Polbank, a corporate and investment bank based in Central and Eastern Europe, has chosen the firm’s Rate Engine and Distribution for its FX global trading desk.
Illit Geller, CEO at TradAir commented on the announcement, saying: “We are delighted to work with Raiffeisen Polbank, which is a leader in its market with an innovative trading strategy and strong team. Together we have been able to rapidly implement the TradAir Rate Engine and TradAir Distribution solutions and we are looking forward to working with Raiffeisen Polbank as it continues to increase efficiencies and extend its global reach.”
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Raiffeisen Polbank joins a group of banks world-wide which reportedly work with TradAir, such as BNP, State Street and Yapi Kredi. Speaking with Forex Magnates about the focus of the company, Illit Geller said: “Raiffeisen Polbank joins a list of large banks who are using the TradAir rate engine around Israel, Turkey, South Africa, Russia, Poland, Romania, London and NY. This past year we have increased our focus in London and New York with the joining of Rob Wing who runs TradAir Sales globally.”
The TradAir Rate Engine supports price creation across trading venues utilizing algorithms for a pricing alongside data analysis and liquidity management for optimization. TradAir Distribution is a market-making focused network and streams to all venues, including banks’ own internal systems.
Marcin Żółtaniecki, Director of Trading at Raiffeisen Polbank, said: “We are pleased to join TradAir’s growing list of customers. We were impressed with how quick and problem free the go-live process was and we look forward to a long lasting and growing relationship together. TradAir is a real trusted advisor in addition to its great technology.”