mBank Taps kACE for FX Pricing and Product Distribution

Polish banking giant, mBank has selected BGC Partners-owned kACE to utilize the services of kACE Treasury, the platform's treasury pricing system, to receive pricing and distribute FX products through its e-commerce platform and across the institution.

“We are delighted that mBank has joined the growing kACE community,” kACE, managing director, Richard Brunt said in a statement. “Since the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Kalahari, we have invested heavily in our treasury solutions, expanding its pricing capabilities and more importantly the openness of its API's, to allow for seamless publishing to downstream systems and e-commerce platforms.”

“With many clients interacting with their customers remotely, Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term of price distribution and robust e-commerce solutions has never been more important.”

kACE is a division of Fenics Software Limited, which is owned by BGC Partners.

A Major Lender in Poland

The Polish bank will fully integrate kACE Treasury with its existing treasury systems, which include both proprietary and third-party solutions. With the new service, the bank will publish 54 currency pairs and crosses.

Established in 1986, mBank is the fourth-largest Polish bank in terms of assets and fifth by net loans and deposits. It has around 4.7 million retail clients and 27.7 thousand corporate clients in Poland. It also has a presence in the neighboring Czech Republic and Slovakia.

“mBank selected kACE Treasury because of the accuracy of its pricing models and experience in integrating these models into existing e-commerce offerings,” Rich Winter, Senior Managing Director at Fenics, said.

“The model accuracy allows the bank to automate curve construction as much as possible and gives the trading desk the confidence to publish competitive tradable level pricing across a large number of currency pairs, in particular, auto-calculating prices around events in the market was a major factor in the bank selecting kACE Treasury.”