Arqaam Capital to Launch Adaptive Execution Platform Powered by Quod Financial

Monday, 26/01/2015 | 08:49 GMT by Ron Finberg
  • Quod Financial, has announced that its Adaptive Execution Platform (AEP) has been chosen by Dubai-headquartered Arqaam Capital to offer trading and executions services for the UAE capital markets.
Arqaam Capital to Launch Adaptive Execution Platform Powered by Quod Financial
quod financial logo

Trading technology firm Quod Financial has announced that its Adaptive Execution Platform (AEP) has been chosen by Dubai-headquartered Arqaam Capital. According to public statements from Quod Financial, the AEP system will be used by Arqaam as a comprehensive trading and execution solution which includes order management, algorithmic trading, market making and client trading capabilities for Equities and derivatives of the UAE-based markets, including the DFM, ADX, and NASDAQ Dubai.

In its initial rollout, the two firms will be focusing on providing institutional trading and execution services to the growth-oriented Middle East capital markets, with further plans to expand the partnership to include connectivity to global markets in the future.

Commenting on the news and choosing to work with Quod Financial, COO of Arqaam Capital Dennis Wijsmuller stated, "AEP not only meets our needs today but it is an advanced and scalable platform that enables us to grow with our clients, helping us strengthen client relationships over the years to come."

CEO of Quod Financial Ali Pichvai added, "We are proud to have Arqaam, a leading emerging market investment bank, as a client. The entry of UAE and Qatar into the Emerging Market index, as well as the investment by the GCC exchanges to bring in world-class technologies, have greatly accelerated the institutional flow into the region.”

quod financial logo

Trading technology firm Quod Financial has announced that its Adaptive Execution Platform (AEP) has been chosen by Dubai-headquartered Arqaam Capital. According to public statements from Quod Financial, the AEP system will be used by Arqaam as a comprehensive trading and execution solution which includes order management, algorithmic trading, market making and client trading capabilities for Equities and derivatives of the UAE-based markets, including the DFM, ADX, and NASDAQ Dubai.

In its initial rollout, the two firms will be focusing on providing institutional trading and execution services to the growth-oriented Middle East capital markets, with further plans to expand the partnership to include connectivity to global markets in the future.

Commenting on the news and choosing to work with Quod Financial, COO of Arqaam Capital Dennis Wijsmuller stated, "AEP not only meets our needs today but it is an advanced and scalable platform that enables us to grow with our clients, helping us strengthen client relationships over the years to come."

CEO of Quod Financial Ali Pichvai added, "We are proud to have Arqaam, a leading emerging market investment bank, as a client. The entry of UAE and Qatar into the Emerging Market index, as well as the investment by the GCC exchanges to bring in world-class technologies, have greatly accelerated the institutional flow into the region.”

About the Author: Ron Finberg
Ron Finberg
  • 1983 Articles
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About the Author: Ron Finberg
Ron Finberg, a specialist in regulatory issues, brings clarity and depth to finance news
  • 1983 Articles
  • 8 Followers

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