Quod Financial announced today that Arqaam Capital (“Arqaam”), the specialist emerging markets investment bank, went live with its Adaptive Execution Platform (“AEP” or “the platform”). AEP provides Arqaam with a comprehensive trading and execution solution covering order management, client connectivity, algorithmic trading and market making for equities and derivatives with complete UAE-based market connectivity (DFM, ADX and NASDAQ Dubai).
A second phase will see Arqaam and Quod Financial grow their partnership to cover global markets. Meanwhile, the two firms will continue working together to provide new institutional trading and execution solutions to the fast growing Middle East capital markets.
Dennis Wijsmuller, COO of Arqaam Capital, said: “As we continue to expand our reach and see our trading volumes grow, it is vital for us to have the very best trading and execution platform so that we can provide our clients with seamless capabilities across a range of markets. 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.”
Ali Pichvai, CEO of Quod Financial, said, “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. This has reinforced the need to invest in innovative trading and execution systems similar to other major capital markets. Arqaam has demonstrated that it has the vision to invest and capture the institutional market, and we hope to provide them with the vehicle to continue their rapid growth”.