Landesbank Baden-Württemberg (LBBW) has become a new customer for icubic by selecting an overall electronic trading solution from the company. The bank belongs to Germany’s five largest credit institutions and will employ iQbonds, iMarket and iQrepos. The icubic system will be implemented in three phases. The first step will run until the end of this year with the implementation of iQbonds to electronically price, quote and trade bonds within multiple markets, such as MTS, from a single screen. In the second phase the bank will employ iMarket to connect the traders and sales with the bank’s customers. The final step will be the implementation of iQrepos, icubic’s solution to electronically price, quote and trade repos.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.