Joint Press Release
Speedwell Associates Ltd, a leading provider of high-performance, trader-focused solutions for the electronic fixed-income markets, is pleased to list Dexia Bank as another satisfied customer of Speedwell NG, integrated with SoftSolutions! XT2!, for bond pricing and quoting to multiple ECNs having replaced the bank’s legacy Microsoft Excel-based pricing system in 2004.
Koen De Belder, head of trading, Dexia Bank, said “We are very satisfied with the systems and services provided by Speedwell & SoftSolutions! over the last year. They have enabled us become more efficient in our pricing and quoting of a wider range of fixed income products better serving our customers needs.”
Rik Eckeman, Head of Dealing Room IT Support, Dexia Bank, said, “From an IT perspective, the implementation of Speedwell NG/SoftSolutions! XT2! has been a success. There has been a very close cooperation between Speedwell, SoftSolutions! and Dexia specialist and traders during system set-up and pilot testing. Besides, the post go-live assistance was excellent and made technicians and traders feel very comfortable in their new working environment.”
Stephen Doherty, CEO, Speedwell, said “We are delighted Dexia are satisfied with our systems and services since going live in 2004. It was clear from the feedback we received that Speedwell’s in-depth understanding of the market, the fact that our systems have been “Designed By Traders For Traders!” and our tight integration with SoftSolutions! was key in Dexia’s decision when we were compared to other vendors.”
Roberto Cocchi, President, SoftSolutions!, said “Dexia’s challenge was to prove the capability of delivering an optimized integration between pricing and connectivity platforms. The tight collaboration between SoftSolutions!, Speedwell and Dexia was the key factor in achieving the result of a unique interface for traders, that now access with zero effort multiple liquidity pools. Adoption of the XTrade!Square connectivity platform still leaves much space left for adding into other functions such as automated trading, real time hedging and others, not to mention the capability of extending Dexia’s offering to their customers with other products.”
About Dexia Bank
Dexia Bank’s Treasury and Financial Markets business line provides short-term and long-term funding for the group and offers customers of the commercial businesses (local authorities, retail clients, institutional investors, fund promoters…) a large range of capital markets products (Fixed Income, Derivatives, Forex).
About SoftSolutions!
SoftSolutions! is a leader in integrated electronic markets connectivity software. It offers the trader-favoured XTrade!Square platform for integrated market making, manual and automated trading, hedging and data dissemination for investment banks. The company recently introduced the XTrade!Square API’s, a customization suite that empowers the business administrator to extend trading capabilities of it’s dealing room, both with custom trading GUI’s and with brand new modules. The company has customers in more than 8 countries. Founded in 1997, SoftSolutions! is headquartered in Italy.
About Speedwell
Speedwell Associates Ltd is a leading independent provider of high-performance trader-focused pricing and quoting solutions for the electronic fixed-income markets in global Government and Credit debt.
Speedwell NG is a fast, scalable, secure, fully auditable and robust system for bond pricing and quoting with highly configurable client front ends. NG supports sophisticated pricing methodologies as well as value analysis, historical data and trade management tools. NG exposes a generic interface for linking to existing trading platform middleware for retrieval of market data and quoting to multiple ECNs.
Speedwell has clients across Europe and the US. Founded in 1994, Speedwell is headquartered in London.
Speedwell and SoftSolutions! have been working together since 2001 to provide fully integrated solutions for fixed-income markets drawing on their own areas of expertise – price discovery and multi-market connectivity.
Contacts:
Speedwell Associates Ltd
+44 (0)20 7929 2345
info(at)speedwell.net
www.speedwell.net
SoftSolutions! S.r.l
+39 0 35 22 71 41
info(at)softsolutions.it
www.softsolutions.it
