Vontobel to use Ubitrade derivatives system
Ubitrade was chosen in favour of other providers of integrated systems for financial services, including SunGard and Rolfe & Nolan, the French firm claimed.
Felix Lenhard, project manager at Vontobel, said: “We were impressed with Ubitrade’s technology, its stability and the open infrastructure of its systems. UF&O, will provide us with a reliable infrastructure to manage and develop our activities on Eurex.”
Didier Bouillard, chief executive officer at Ubitrade, commented: “We are hopeful that this deal will incentivise other direct or general clearing members of Eurex to review their current arrangements and demand a product that fully meets their needs. The Eurex market offers great opportunities to financial institutions in the region to develop their derivatives trading activities."
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