2015-06-29 12:06:12

Quod Financial becomes an Independent Software Vendor on GPW

Warsaw, 29 June 2015

Quod Financial becomes an Independent Software Vendor on GPW

PRESS RELEASE

  • Quod Financial has become a Warsaw Stock Exchange Independent Software Vendor (ISV)
  • Cooperation allows to offer access to GPW trading system to all Quod Financial's clients
  • ISV list published by the WSE helps GPW Members to select trading software most fit to their needs

Quod Financial, a London-based leading provider of Adaptive trading technology, has become a Warsaw Stock Exchange (GPW) Independent Software Vendor (ISV).

This cooperation aims to offer access to GPW trading system to all Quod Financial's existing and future clients and, by extending the list of ISVs, to allow current and prospective GPW Members to select trading software which best fits to their individual needs.

"We are very glad to welcome Quod Financial as our Independent Software Vendor (ISV). Widening the range of software vendors certified by GPW allows intermediaries and investors an easier access to the markets operated by the Exchange. Since the implementation of the Universal Trading Platform (UTP) in 2013, GPW offers solutions and services of the highest global standards with regard to functionality and technical capability. It also facilitates the introduction of a new segment of clients, boosting levels of algorithmic trading activity," - said Grzegorz Zawada, Vice President of the Management Board of the Warsaw Stock Exchange.

Ali Pichvai, CEO at Quod Financial commented, "We are grateful to GPW for the cooperation. We see Poland as the most dynamic economy in Europe and hub for Eastern European market. Becoming certified GPW vendor shows our commitment to the market and ability to cooperate with any brokers and banks in Poland. We are also confident that our advanced Order Management System and Algorithmic Trading capabilities can bring value to the market."

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The Warsaw Stock Exchange (GPW) is the biggest securities exchange in Central and Eastern Europe. GPW operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. GPW is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as commodity markets. Since 9 November 2010, GPW is a public company listed on Warsaw Stock Exchange. For more information visit www.gpw.pl

Quod Financial delivers adaptive trading technologies into the financial community. Its multi-asset adaptive technologies enable financial institutions to dynamically seek liquidity across transparent and non-transparent venues, reduce market impact and build complex execution and trading strategies. Quod Financial services all segments of capital markets with distinct solutions for liquidity venues, exchanges, retail brokers, buy- and sell-side institutions. Its real-time execution decision-making capabilities enhance both control and transparency of the execution process. This results in increased trading performance and execution quality.
Quod Financial's Adaptive Execution Platform (AEP) and its application modules are non-disruptive, scalable and highly resilient trading solutions, delivered as either implemented software or as a service. AEP functionalities include pre-trade risk management; order management and routing; direct market access; connectivity; post-trade analytics and reporting. AEP powers four application modules. These include Adaptive Smart Order Router (ASOR), Adaptive Algos, Adaptive Cross (ACross) and Adaptive Market Making. Quod Financial is headquartered in London with offices in Paris and New York. For more information, please visit www.quodfinancial.

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