Alior Bank has announced its i partnering with Aphelion to improve its FX trading capabilities and as a result revolutionize the polish FX market.
After detailed analysis, Aphelion AB was chosen among many other competitors, as a supplier of comprehensive FX trading solution – Quasar. Quasar includes eFX, a central algorithmic trading system. It helps to aggregate liquidity from world largest banks and to trade on pooled liquidity. Open currency positions can be easily managed, as a result of implementation of various automated hedging strategies. The eFX system is used to configure and manage FX rates that are sent to Alior Bank’s FX platforms. Alior Trader, Autodealing and Kantor Walutowy are focused on retail clients. However, Quasar Trader Portal is a single bank portal dedicated to most sophisticated corporate clients. Quasar Trader Portal is a product fully developed by Aphelion. Thanks to the fact that the Quasar eFX server is hosted in London, it provides ultralow latency of trade execution and excellent access to top banks liquidity. Solutions that are implemented by Alior Bank are unique for the polish market and they will help to achieve advantage in e-trading on the local market. Broad functionality of Alior Bank’s services gives opportunity to become a market maker for other banks and multi bank portals.
“The eFX system makes the market transparent for our platforms’ users and gives them opportunity to trade at the best price”, says Tomasz Wróblewski, head of financial risk management at Alior.
Peter Jorgne, CEO, Aphelion, said: “We are delighted to have been selected by Alior and welcome them to our trading platform and interbank network”.
Alior Bank is already live with eFX for trading and publishing prices to its existing trading portals (Autodealing and Kantor Walutowy). The solution for corporate clients will be launched in October.
About Alior Bank
In the world of banking Alior Bank is still a fresh brand. Conceived by Carlo Tassara Group in 2007, the brand was formally launched across Poland in October 2008 and was the largest startup in European banking history. At the moment Alior Bank has over 1,27 million clients, for whom it offers unique products in the Polish markets. Alior Bank is a national and universal bank, servicing all market segments.The bank’s offering is targeted at Customers, who are expecting a high quality of services, advice, and higher yields on their products. The bank makes available products and services which were only offered to date to selected, the most affluent Customers, as well as products which have not been available to date on the market.