The Quod Financial services enable users to trade instrument types across all asset classes - from cash equities, futures and options, fixed income, and to foreign exchange - all on the same platform. The innovative service-driven architecture allows seamlessly incorporating, holistic Pre-trade risk management, Execution, Care and Order Management, Algorithmic trading, STP middle-office, and finally Post-trade and reporting services.
Ali Pichvai, the Managing Director of Quod Financial, said 'The MENA region has fully embraced trading as a means to develop its capital markets. The region is changing with the integration into the global markets, the rapid growth of institutional trading alongside the existing large retail trading, and the appetite of market participants for innovation. We are committed to the region, and partnering with EastNets provides the market with end-to-end front to back office solution. It also provides a local company to support the demanding and fast changing environment. We believe that this changes the current paradigm on which the current players are covering the MENA region.'
Commenting on the partnership, Hazem Mulhim, Chief Executive Officer, EastNets, said,
"This is a great opportunity to diversify our product portfolio as partnering with one of the world's premier securities market providers will add a significant boost to the scope of our products. We will work closely with Quod Financial to strengthen our presence in the regional and international markets, and provide our clients with better access to the market."
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Posted by Anne-Birte Stensgaard, Senior News Editor
