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Quod Financial partners with Catena
Technologies in Asia Pacific to provide smart order routing
solutions
7 June 2010 - Quod Financial, a global provider
of adaptive trading execution technology, today announced it has teamed up
with Catena Technologies to help the trading community take advantage of
increasing liquidity fragmentation in the Asia Pacific region.
The growth of trading in the Asia Pacific markets combined with
deregulation, cross-border trading and market fragmentation, has led to a
notable increase in demand for smart order routing. Quod Financial's mature
smart order routing technology is already being deployed by financial
institutions, taking advantage of liquidity fragmentation in the European
and US markets. Quod Financial has taken the lead on this opportunity
through its partnership with Singapore-based Catena Technologies.
Catena Technologies, which focuses on implementing cutting-edge technology
solutions in the financial services industry, will provide sales,
consulting, and support services for Quod Financials' products across the
Asia Pacific region. Quod Financial's Adaptive Execution Platform (AEP)
with the Adaptive Smart Order Router (ASOR) application enables traders to
take advantage of liquidity in multiple trading venues - such as exchanges
and dark pools - minimising execution costs, increasing hit ratios and
ultimately achieving Best Execution.
Ali Pichvai, CEO Quod Financial said "Both Buy and Sell-Side organisations
in Asia Pacific want to take advantage of the increasing liquidity
fragmentation to gain a competitive advantage. Quod Financial's multi-asset
Adaptive Smart Order Router (ASOR) enables these organisations to
accelerate their search for liquidity, increase hit ratios and reduce
trading costs. The partnership with Catena Technologies provides a way for
us to quickly deliver smart order routing solutions to Asia Pacific-based
customers."
"We see major benefits from combining Catena's knowledge of market
practices in the region and Quod Financial's proven technology," added
Randall Duran, CEO Catena Technologies. "Together, we will be well
positioned to help our customers take advantage of ongoing liquidity
fragmentation in the Asian markets, which is accelerating as new execution
venues come on line and trading volumes increase. The ability to rapidly
deploy and customise Quod Financial's products will reduce customers' time
to market, providing a major competitive advantage."
Click here for more
information about Quod Financial's products.
About Quod
Financial
Quod Financial delivers multi-asset and cross-asset adaptive execution
technology into the financial trading community. Existing sell-side
implementations of its non-disruptive technology are testament to its
responsiveness to the rapidly changing trading landscape. The ability to
deliver high ROI and low TCO while retaining a passion for people is
enabling institutions to leverage existing investments, enable innovation
and acquire and maintain more customers. Quod Financials' AEP can be
deployed on a modular basis and scale to address future needs whilst
embracing an organisations existing infrastructure - its applications
support a best approach to discrete trading environments. Quod Financial's
vision is to help drive organisations to change the way they execute trades
electronically by using adaptive trading technologies across the whole
trade lifecycle.
Quod Financial is headquartered in London with offices in Paris and New
York. For more information, please visit http://www.quodfinancial.com
About Catena Technologies
Catena Technologies Pte Ltd specialises architecture, design, and delivery
of advanced technology solutions for the financial services industry. Based
in Singapore, the company has worked with customers across the Asia Pacific
region including Japan, Hong Kong, Australia, Singapore, and China. Catena
Technologies combines in-depth knowledge of the financial markets with
expertise in applying cutting-edge technologies.
For more information about the products and services that Catena
Technologies provides, please visit http://catena-technologies.com
Media contacts
Quod Financial
Haidee Brean
+44 (0)20 7330 0804
haidee.brean@quodfinancial.com
Catena Technologies
Mein Wong
+65-6100-0881
quodfin@catena-technologies.com
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