Germany's Landesbank Baden-Württemberg (LBBW) is deploying an electronic trading platform for fixed-income securities based on technology from Icubic.
Icubic says implementation of its iQbonds, iMarket and iQrepos modules will be staged at the bank in three phases, beginning with iQbonds at year-end. The product will enable LBBW to price, quote and trade bonds within multiple markets from a single screen.
IMarket will connect traders to client requests from markets such as Bloomberg automatically, while iQrepos will allow electronic pricing, quoting and trading of repos.
Jürgen Motzer, head of fixed income trading, LBBW, comments: "We intend to significantly expand our position on the electronic markets. Therefore we need a multifunctional and high performance trading solution. icubic will help us to improve our trading in the bond, business-to-customer, and repo markets."