Pohjola chose Quasar eFX from Aphelion

Aphe­lion has announced that Finnish bank Pohjola Bank plc (“Pohjola”) — part of OP-Pohjola Group — which is the biggest finan­cial ser­vices group in Fin­land, offering banking, invest­ment and insur­ance ser­vices, has chosen the Aphelion eFX product suite.

Aphelion eFX includes an FX pricing and rate engine, FX rule-based deci­sion and auto­trading system, White-labelling single bank portal, FX order man­age­ment and FX Liq­uidity man­age­ment including aggre­ga­tion, auto­hedge and algo­rithmic exe­cu­tion.

“Trading gen­er­ally is a highly com­pet­i­tive envi­ron­ment and for­eign exchange specif­i­cally even more so. We can see that in order to be suc­cessful we need to auto­mate the trading processes where pos­sible and our objec­tive is to ser­vice our cus­tomers better with faster responses to their RFQs and even more com­pet­i­tive prices” Says Mikko Räsänen, Head of For­eign Exchange and Money Mar­kets at Pohjola.

“Part­nering with Aphe­lion and imple­menting Aphelion eFX will open up new pos­si­bil­i­ties to the bank/for Pohjola and enables us to com­pete with the top Nordic banks. We will start by ser­vicing our clients on the multi­bank por­tals FXall and 360T but we are looking to add more multi­bank por­tals as well as our own single bank portal.” Says Jarmo Koukonen, Head of FX and MM, Sales and Trading at Pohjola.

“We are very pleased to have been selected by Pohjola and looking for­ward to working with them in pro­viding their new FX envi­ron­ment,” said Peter Jörgne, CEO at Aphe­lion.

For fur­ther infor­ma­tion

Enquires should be made to Peter Jörgne +46 – 734-399040 (Aphe­lion) or Jarmo Koukonen +358 – 10-2524296 (Pohjola)