London, 14 March 2005 â icubicâ¢ AG, a leading provider of electronic trading solutions, today launched iConnect, an exchange and market connectivity software suite that provides traders with fast, comprehensive access to Europeâs financial markets, ECNs and market data vendors. Thanks to the seamless integration of iConnect with iQbonds, an end-to-end e-trading solution, icubicâs enhanced product suite enables traders to quickly and efficiently price, quote and trade securities within multiple markets in real-time, from a single screen. The move cements icubicâs position as a leading provider of electronic trading solutions.
The newly enhanced connectivity extends icubicâs Direct Market Access (DMA) network beyond MTS, Eurex Bonds, BrokerTec, HDAT, EurexRepo, LIFFE and Bloomberg to include MarketAxess, the electronic corporate bond trading platform, and TradeWeb, the online fixed-income trading network. icubic has also extended its connectivity to the Reuters Application Program Interface (API), in line with the market data vendorâs recently announced decision to push into the fixed income market. The iConnect exchange and market connectivity software suite is monitored and continuously updated by icubicâs dedicated team of developers. The team maintains close business relationships with the ECNs, exchanges and financial markets to deliver its customers with immediate information on all DMA participants and access to their most up-to-date service offerings.
Les Gosling, UK managing director and head of international sales, icubic AG, says: "Market and exchange connectivity is becoming increasingly commoditised. As such, competitive advantage can now be best gained by leveraging connectivity capability through more sophisticated and integrated pricing, quoting and trading processes. Market makers and takers can now accrue significant benefit from outsourcing the supply of market connectivity to market specialists such as icubic, enabling them to focus on their core business."
Ralf Henke, CEO, icubic, continues: "icubicâs electronic trading customers can now benefit from comprehensive direct market access for end-to-end Straight-Through trade Processing. With the sophisticated trading functionality that iQbonds offers, financial institutions such as DZ BANK and Bayerische Landesbank are already benefiting from reduced risk, optimal profitability and increased speed to market."
iConnect includes an API that allows users to easily transfer information in and out of the icubic application suite, as well as embedding relevant information from other third-party applications.