Download PR_Well-established cooperation-icubic is the official

Magdeburg, 06 March 2017
Press Release
Well-established cooperation: icubic is the official
system partner of Börse Stuttgart
The IT service provider icubic develops specialised standard
software for pricing, quoting and trading of financial products on
electronic markets and offers product-related installation and
maintenance services. The long-standing close cooperation with
Börse Stuttgart will be expanded in the future with icubic AG as their
official system partner. This enables icubic to provide a technical
connection to Börse Stuttgart’s new and innovative interface for the
provision of liquidity in the bond market.
Expansion of the system partnership
Gateways based on FIX 5.0
Electronic quoting and communication connection
Both companies value the active and open communication as well as the
helpful transfer of know-how. After all, icubic’s core competency in the
development of technical connections is what makes the communication and
quoting with the Quality Liquidity Provider (QLP) in Börse Stuttgart’s hybrid
market model possible.
Realisation of the technical connection to the exchange
In the continuation of the cooperation, icubic AG’s high product quality and
software solution reliability played a prominent role once again. Dietmar
Jakal, icubic AG Chairman of the Board noted, “The cooperation with Börse
Stuttgart is characterised by a mutual trust that has continued to grow over
the years. The timely integration of innovative and immediately functioning
software solutions has made a big contribution to this trust.”
1
With the new communication gateway, market participants will be able to
actively communicate using Börse Stuttgart’s new FIX 5.0 interface and upon
request from the Quality Liquidity Provider, place orders in the electronic
trading system according to set rules.
Experienced partner for the banking and investment industry
icubic AG, founded in 1999, is a specialist for software solutions for electronic
trading used by leading firms in the banking and investment industry. The
applications
are
created
under
consideration
of
current
market
developments to match client requirements exactly and satisfy the highest
quality and reliability standards. This is especially important for Börse
Stuttgart, who understands the daily challenges all too well. "This
cooperation significantly reduces the integration effort on the market-maker
side”, explains Michael Görgens, Managing Director of ETF and Bond Trading
at Börse Stuttgart. “icubic provided a solution which supports our innovative
hybrid market model.”
The cooperation with Börse Stuttgart confirms the long-term experience and
capabilities of the Magdeburg company with its 150 employees, which in
addition to pure software development is also a reliable partner for
specialised topics including managed service and business and IT consulting.
Dietmar Jakal, Chairman of the Board for icubic AG, highlighted the
expanded cooperation with Börse Stuttgart as a further milestone for the
company which represents a confirmation of the good and reliable work done
over the past years.
2
About icubic:
icubic, the IT service provider, develops specialised software solutions for all
electronic market trading areas and offers product support installation and
maintenance services. The company was founded in 1999 and employs
around 150 people. Top German financial companies as well as many banks
and investment firms in Europe and Asia rely upon icubic’s expertise. The IT
service provider’s objectives include the future-oriented improvement of
product performance under consideration of quality, customer benefits and
market developments. icubic is also the owner of Frankfurt-based consulting
company HighQIT, which supports its customers in the valuation and
management of operational banking business and the implementation of
regulatory requirements.
Contact:
icubic AG
René Lemme
Mittelstraße 10
39114 Magdeburg
Germany
Email: [email protected]
Tel.
+49 391-59 80 9-0
Fax:
+49 391-59 80 9-99
3